3901-3903 Cutshaw Avenue

Richmond, VA 23230

Offering Memorandum

The Offering

Summary

  • List Price $2,250,000
  • Product Type Multifamily
  • Gross Building Area 7,672 SF
  • Number of Units 8
  • Unit Mix 8 - 2BR/2BA
  • Average Unit Size 930 SF
  • Occupancy 100%
  • On-Site Parking 11 Spaces

Investment Summary

Feldman Ruel is pleased to offer for sale 3901-3903 Cutshaw Avenue, an eight-unit multifamily property in the Museum District of Richmond, Virginia. Built in 1948, the subject property consists of eight two-bedroom, two-bathroom units with potential for increased rental income through modest capital improvements. Each unit is well appointed with desirable amenities, including in-unit washer and dryer, stainless steel appliances, balconies, walk-in closets, and on-site parking, providing a modern living experience.

Comparable properties in the submarket with upgraded finishes achieve rents of up to $2,300 per month. Virginia’s landlord-friendly policies and 3901-3903 Cutshaw Avenue’s prime location contribute to its potential as a compelling investment opportunity.

Investment Highlights

• Favorable Unit Mix of 8 2BR/2BA Units & 11 Parking Spaces

• 100% Occupied with Strong Rental Demand

• Pro Forma Cap Rate of 7.06% Achieved by Increasing Rents through Targeted Upgrades
• Prime Location in Richmond’s Museum District & Proximate to VCU

• Virginia’s Landlord-Friendly Polices Support Efficient Management and Acquisition

Listing Agents

Chris Chadwick

Chris Chadwick

Managing Director
Direct: (202) 932-5080
Alex Petrov

Alex Petrov

Investment Associate
Direct: (202) 932-5082