3900 Monument Avenue
Richmond, VA 23230
The Offering
Summary
- List Price $4,900,000
- Product Type Multifamily
- Unit Count 15
- Rentable Area 16,632 SF
- Zoning R-2
- Lot Size 18,919 SF
- Year Built 2017
- On-Site Parking 15 Spaces
- Unit Mix 15 - 2BR/2BA
- Occupancy 100%
Investment Summary
Feldman Ruel is pleased to present 3900 Monument Avenue, a 15-unit multifamily property located in the Fan District of Richmond, Virginia. The Fan District has been the first choice for off-campus housing among students at VCU’s Monroe Park Campus for many years. The neighborhood is predominately made up of Federal-style historic homes which have been converted into small apartments geared toward student rentals. 3900 Monument Avenue offers a unique opportunity to re-tenant the property with students, renting by the bed and capitalizing on the large two-bedroom, two-bathroom floor plans and on-site parking.
Investment Highlights
• Large +1,000SF 2BR/2BA Flats | 15 On-Site Parking Spaces
• Ideal By-the-Bed Student Housing Conversion
• Recently Constructed in 2018 | Viable Condo-Conversion Exit
• Condo-Quality Finishes with Full-Size Washer/Dryers in Each Unit
• Equidistant to Both Monroe Park & Broad Street Campuses of VCU
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