BEDS0
BATHS
SQUARE FEET2,384
MLS#2617418
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased, with all four apartments generating $1,499 per month, providing stable, in-place cash flow from day one. New Lease for Unit A starting Aug 1 for $1549 a month. Each unit is separately metered, with tenants responsible for all utilities, helping to minimize operating expenses. Just steps from Carytown's acclaimed restaurants, local boutiques, coffee shops, and entertainment, the property offers an exceptional walkable lifestyle that continues to drive strong tenant demand. Whether you're seeking a turnkey investment or a long-term hold in one of Richmond's premier neighborhoods, 3203 Ellwood Avenue is an outstanding opportunity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Home Style: Two Story
Lot Size: 0.05 Acres
Roof Type: Built-Up
Stories: 2.0
Taxes: $5,424
Year Built: 1923
Feature Descriptions
Appliances: Tankless Water Heater
Days on Site: 25
Exterior: Brick, Drywall, Plaster
Fencing: None
Parcel#: W000-1454-012
Parking: No Garage, On Street
Patio/Porch: Balcony
Sewer: Public Sewer
Units: 4
Water: Public
Local Schools
High School: Thomas Jefferson
Middle School: Albert Hill
Elementary School: Lois-Harrison Jones
Listed By / Shown By
Listed By
Agency Name: One South Commercial LLC
Shown By
Agency Title: Kane Company Realty
Agency Phone: (804) 551-1920
Estimate Your Payment
Estimated Payment
$ 2,805.61 per month $2,080.90 Principal & Interest $452.00 Property Tax $272.71 Homeowner's InsuranceChange Payment Information
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"Five Star Rated"
Kane Company Realty among highest ranked Virginia real estate companies doing business throughout Central Virginia including Hanover County. Members of Richmond Association of REALTORS®, Virginia Association of REALTORS® and National Association of REALTORS® View our Five Star Google reviews. Our REALTORS® have helped many when selling a home and or buying a home and we offer services throughout Central Virginia.
Mechanicsville Office
10357 Atlee Station Road, Mechanicsville, VA 23116
3203 Ellwood Avenue | MLS# 2617418
This multi-family property located at 3203 Ellwood Avenue , Richmond, VA 23221 is currently listed for sale with an asking price of $935,000. Search Richmond real estate on www.kanecompanyrealty.com today.