XXXX Wallace St – Quadplex Investment Near VCU!
This 4-unit quadplex in the heart of Richmond, VA, sits just minutes from VCU’s campus and is primed for serious cash flow! Each unit is a 1-bed, 1-bath apartment, and while all are currently occupied, rents are well below market rates.
Here’s where the opportunity shines—this property appraised for over $530K AS-IS in summer 2024, yet no quadplex in the area has sold for under $700K! With only cosmetic updates, market rents could easily push monthly income from $2,400 to over $4,000, dramatically increasing cash flow and property value.
Investors looking for a high-growth, high-yield opportunity in Richmond’s competitive rental market won’t want to miss this. Add this gem to your portfolio and maximize its potential!
📞 Call/Text now for details and to submit your offer!
*** Note: In respect of both the owner’s and current tenants’ privacy we will only be sharing property specific information with vetted and qualified buyers. Please call to discuss. ***