333 Oliver Hill Way, Richmond, VA 23219

$3,200,000
Sold Price
$3,200,000
List Price
$3,960,000
Days on Market
98
Closing Date
Aug 31, 2020
MLS#
CVR-2009942
Status
CLOSED
Type
Commercial
Year Built
1910
County
Richmond City
Region
10 - Richmond

Property Description

Seventeenth Street Lofts presents prospective buyers a fully occupied Opportunity Zone investment with dedicated on site parking and an opportunity to substantially increase net operating income by charging for parking, billing back residents for utility usage, and streamlining operating expenses. PHYSICAL SUMMARY Completely redeveloped in 2003 using Historic Tax Credits -21 on-site parking spaces -Elevator serviced -Type IV Construction (masonry exterior with heavy timber interior structural members) -PVC waste, copper domestic water supply -Total Floor Area 25,000 SF -Ground floor on slab: 5 apartments -First floor: 5 apartments -Second floor: 4 apartments -Third floor: 5 apartments -Fourth floor: 5 apartments -Fully sprinklered, smoke detectors in units and corridors -Units individually metered for electricity -Units conditioned by individual split system heat/AC Unit amenities -Washer/dryer/dishwasher -Granite countertops, stainless appliances -Original concrete and maple floors -Abundant natural light from large picture windows

Additional Information

Acres
0.26
Roof
Flat
Cooling
Central Air

Mortgage Calculator

Amount of Loan
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of One South Realty Group, LLC. Selling Office: NON MLS OFFICE.

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