2303 Parkwood Avenue, Richmond, VA 23220

Property Description

RARE FAN DISTRICT MULTI-FAMILY OPPORTUNITY! This six-unit brick building has been largely untouched, retaining its original charm and providing a blank canvas for future owners to renovate and reposition for maximum value. Each apartment features a two-bedroom, one-bathroom floor plan, with large kitchens, in-unit washer/dryers, individual boilers with radiant heat, and separate gas water heaters. Utilities are individually metered for electric and gas, ensuring efficient management. The property currently has three vacant units, ideal for immediate renovation, while the other three are leased on a month-to-month basis, giving investors both stability and flexibility. Positioned directly across from Lamplighter Coffee and surrounded by new developments like The Parkline (directly behind the property) and The Carousel (one block away), this location is poised for strong growth and appreciation.