213 E Broad Street, Richmond, VA 23219

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.