903 W Grace Street, Richmond, VA 23220

$925,000
Sold Price
$925,000
List Price
$1,060,000
Days on Market
148
Closing Date
Apr 03, 2023
MLS#
CVR-2222514
Status
CLOSED
Type
Commercial
Year Built
1920
County
Richmond City
Region
10 - Richmond

Property Description

This is an AMAZING OPPORTUNITY to own a a beautiful and historic easy income maker which is a MULTI-FAMILY with THRIVING RESTAURANT, MIXED USE COMMERCIAL building in the Heart of VCU. Beautiful architectural features adorn this stately All Brick space including hardwoods, wrought iron eaves and cornices, high ceilings, hand crafted fireplace mantles, gorgeous balustrade, 12 ft glass doors, and a really cool vintage turn-of-the-century mail box. A NEW ROOF (rubber, laid over with metal) and gutters were installed this past year as well as a NEW TANKLESS GAS WATER HEATER. There are currently 4 residential units that could be augmented, and a Restaurant space with patio. 903 is in an Enterprise Zone and has potential historic tax credits. Back and front gates are secured. Some parking in the back, and on the street. ALL Offers and Letters of Intent will be Reviewed by Seller. Seller potentially willing to finance up to 250K

Additional Information

Acres
0.10
Roof
Metal, Rubber
Cooling
Window Unit(s)
Heating
Forced Air, Natural Gas

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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

Listing courtesy of Virginia Capital Realty. Selling Office: Virginia Capital Realty.

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