213 E Broad Street, Richmond, VA 23219

$3,400,000
23,175
SqFt
List Price
$3,400,000
Days on Market
32
MLS#
CVR-2106707
Status
ACTIVE
Type
Commercial
Year Built
1910
County
Richmond City
Region
10 - Richmond

Property Description

Morton’s Apartments is a strongly-performing multifamily asset located on East Broad St & East Grace Street in the heart of Richmond’s Central Business District. Redeveloped in 2013 and renovated in 2019, the property comprises 23 Class A apartments and one commercial office space. With a walkability score of “97”, Morton’s Apartments are within walking distance of the largest employers and demand generators for downtown Richmond including the State Capitol and office buildings, MCV/VCU Health campus and medical school, VCU’s Monroe Park campus, headquarters for many of the region’s largest companies, and a myriad of local businesses, restaurants, cafes, galleries, retail stores, theatres, gourmet markets, etc. MORTON’S APARTMENTS’ prime location offers an investor the chance to lease to three different tenant profiles: young professionals, healthcare tenants, VCU Graduate Students. The property is on the route for the new GRTC Pulse bus rapid transit system and immediately proximate to all major highways.

Additional Information

Acres
0.18
Living Area
23,175
Roof
Metal
Heating
Hot Water

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of One South Realty Group, LLC.

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All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are © 2021 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Real estate properties marked with the Central Virginia MLS (CVRMLS) icon are provided courtesy of the CVRMLS IDX database. The information being provided is for a consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. IDX information updated .