visit_church_hill

RECENT COMMENTS

Dana Bagby on Post Office Opening Today
Chrissy Schlegel on Post Office Opening Today
Martha McConnell Looney on Post Office Opening Today
Joshua Bilder on Post Office Opening Today
Emily Klinedinst on Post Office Opening Today
Eric S. Huffstutler on Shockoe Bottom News: Developer eyeing Weiman's Bakery as Wyndham Hotel
Eric S. Huffstutler on Post Office Opening Today

Apartment complex on Coalter Street for sale for $1,650,000

08/05/2015 1:56 PM by

This 20 unit apartment complex at 1401 Coalter Street is for sale for $1,650,000:

Convenient to Downtown RVA and VCU/MCV. Most of the maintenance has been done for you. The roof is about 6 years old. Landlord pays for water, sewage and trash. Tenants pay for electric and gas with each apartment separately metered. Rent varies from 520 to 780 an average of 660 dollars per month. All apartments are 2 bedrooms, living room, kitchen and a bath. One apartment has been converted to a coin-operated laundry room, an office and a one beddroom apartment. The one bedroom apt includes water and electric and is currently rented for 750 per month. Out of 19 remaining 2 bedroom units, four of them have electric and gas with the remaining 15 being all electric.

As of now all are rented except five, two are being renovated and three are rdied for re-rental.

Average total monthly rent is 11,552.00; from laundry machines average $215.55 per month
Monthly exenses:
Electric $173.85
Water $1105.00
Trash pick up $55.00
Maintenance $520.00
Taxes $2052.00 per year
Insurance $3,335.00 pe year


TAGGED: ,

3 RESPONSES

Leave a Reply

Your email address will not be published. Required fields are marked *

By commenting you are agreeing to this site's PRIVACY / USE / COPYRIGHT / DISCLAIMER