5204 Castlewood Unit #E Road, Chesterfield, VA 23234

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Sold Price
$1,000,000
List Price
$1,140,000
Days on Market
128
Closing Date
Dec 19, 2024
MLS#
CVR-2411219
Status
CLOSED
Type
Commercial
Year Built
1968
County
Chesterfield
Region
52 - Chesterfield

Property Description

9-UNIT RENTAL CONDO PORTFOLIO - all in one complex. 5204E, 5232C, 5226D, 5222E, 5206E, 5208D, 5202C, 5210F, 5222F Castlewood Rd - 9-unit debt free rental condo portfolio in the popular Tree Top Condominium, N Chesterfield. Eight units are 2bedroom/1bath condos with identical floor plans, and one unit is a 3bedroom/1.1bath condo. Great open floor plans, vaulted ceilings, and large balconies. Two units are currently vacant & updated, and seven are tenant-occupied with leases available upon request. Tenants want to stay if possible. The condos will NOT be sold individually. Info sheet with PIDs, rents, improvements, etc is in the attachments and also available upon request. Please do NOT disturb the tenants. Most of the units have updated HVACs, some have replacement vinyl windows, new or newer appliances, updated bathrooms and light fixtures. Truly a rare opportunity to own a large rental portfolio, all in one popular complex. The deficit of affordable rentals is growing and demand is increasing due to the low supply, high prices and interest rates. Located close to downtown Richmond, this rare rental opportunity is not to be missed.

Additional Information

Roof
Composition
Cooling
Central Air
Heating
Forced Air, Natural Gas

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Joyner Fine Properties. Contact:

Selling Office: NON MLS OFFICE.

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