3901-3903 Cutshaw Avenue
Richmond, VA 23230
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.
