2512 W Grace St, Richmond, VA 23220

Studio5 baths3,546 sqft

Sold: $365,000
Sold on 08/31/12
Zestimate®: $595,361
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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PRICE REDUCED - 9.1% CAP RATE in the FAN. Gorgeous 4-unit building located in prime Fan/VCU area location. Current monthly rent roll is $3705/month for all 4 units. Large, sunny Apartments with hardwood floors and off stree t parking which owner does not charge for. Very easy to rent. Excellent tenants in place. Electric and Heat are Seperate and Paid for by the Tenants. Owner pays Water, Trash and Sewer and hall lights only. 2011 Annual Utility Expenses were $3246. Total Annual Expenses including Taxes and Insurance are $9354. Great bones, high quality tenant mix. Gem of a location in the Fan/VCU area. This investment represents a 9.1% Cap Rate at this price!!

Facts

  • Lot: 6,198 sqft
  • Multi Family
  • Built in 1910
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Aug 2012 for $365,000
  • Price/sqft: $103

Features

  • Fireplace
  • Flooring: Hardwood

    Appliances Included

    • Dryer
    • Washer

    Room Types

    • Recreation room

    Construction

    • Exterior material: Brick
    • Room count: 15
    • # Stories: 2.0
    • Unit count: 4

    Other

    • Floor size: 3,546 sqft
    • Last remodel year: 1959
    • Laundry: In Unit
    • Lot depth: 145
    • Lot width: 40
    • Parcel #: W0001130019
    • Zillow Home ID: 12549360

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $595,361
    +$6,876 Last 30 days
    $494K
    $679K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,175/mo
    +$144 Last 30 days
    $599
    $1.9K
    Zestimate range
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    Popularity on Zillow

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    Comparable Homes

    Homes like this sold for $401-640K.

    $350K
    $690K

    Home Expenses

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    Neighborhood

    Market guide

    Zillow predicts The Fan home values will rise 2.4% next year, compared to a 2.1% increase for Richmond as a whole. Among The Fan homes, this home is valued 58.5% more than the midpoint (median) home, but is valued 48.2% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In The Fan, the number of foreclosures waiting to be sold is 32.4% greater than in Richmond, and 88.5% less than the national average. This higher local number may prevent The Fan home values from rising as quickly as other regions in Richmond.

    Learn more about forecast calculations or The Fan home values.
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      Nearby Schools in Richmond

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org