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.
Listing courtesy of One South Realty Group, LLC.
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