3117 Carolina Avenue
3117 Carolina Avenue
Closed 10/27/22
Closed 10/27/22
Description
3117 Carolina Ave is an ideal opportunity to purchase a fully leased multifamily asset with immediate upside in Richmond’s rapidly revitalizing Highland Park neighborhood. Located just a few blocks from neighborhood hub, “Six Points”, and just a mile from several popular destinations and eateries along Brookland Park Boulevard, this investment is favorably poised to capitalize both on its location and ascending market positioning. Originally constructed in 1928, 3117...Northside value-add opportunity
3117 Carolina Ave is an ideal opportunity to purchase a fully leased multifamily asset with immediate upside in Richmond’s rapidly revitalizing Highland Park neighborhood. Located just a few blocks from neighborhood hub, “Six Points”, and just a mile from several popular destinations and eateries along Brookland Park Boulevard, this investment is favorably poised to capitalize both on its location and ascending market positioning. Originally constructed in 1928, 3117 Carolina Ave is a rare “built-as” quadplex asset amongst market peers, comprised of four (4) 2 bedroom/1 bath units featuring spacious floor plans, hardwood floors, central heating/air conditioning, private balconies, and ample off street parking. All utilities are separately metered, including water/sewer, which provides any incoming operator immediate reduction of typical market expense burden for the property. The current owner has also made several improvements to the property over the last few years including renovations of Units 1 and 4 as well as some capital improvements.
- Listed by Ann Schweitzer • One South Realty Group, LLC
Property Details for 3117 Carolina Avenue
Location
Sold By One South Realty Group, LLC, Isaac Weintz
Property Details for 3117 Carolina Avenue
| Status | Closed |
|---|---|
| MLS # | 2217733 |
| Days on Market | 49 |
| Taxes | $4,188 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income / Quadruplex |
| Year Built | 1928 |
| Lot Size | 0.23 AC / 9,801 SF |
| County | Richmond city |
Location
Sold By One South Realty Group, LLC, Isaac Weintz
Building Information for 3117 Carolina Avenue
Payment Calculator
$2,996 per month
30 year fixed, 7.25% Interest
$2,647
$349
$0
Property Information for 3117 Carolina Avenue
- County Or Parish: Richmond City
- Zoning Description: R-6
- Postal City: Richmond
- Unparsed Address: 3117 Carolina Ave
- State Or Province: VA
- Postal Code: 23222
- Postal Code Plus4: 3233
- Tax Annual Amount: $4,188.00
- Tax Assessed Value: 370000
- Tax Legal Description: HIGHLAND PARK L8-9 B6 0070.00X0140.00 0000.000
- Tax Lot: 8
- Tax Year: 2021
- Parcel Number: N000-1059-022
- Elementary School: Barack Obama
- Middle Or Junior School: Henderson
- High School: John Marshall
- Garage: No
- Property Sub Type Additional: Quadruplex
- Living Area: 3852.0
- Lot Size Acres: 0.225
- Lot Size Area: 0.225
- Lot Size Units: Acres
- Stories: 2
- Stories Total: 2
- Buyer Financing: Conventional
- CLIP: 3,257,727,769
- Year Built: 1928
- Year Built Details: Actual
- Documents Count: 2
- Number Of Units Total: 0
- Photos Count: 7
- Property Sub Type: Quadruplex
- Property Type: Residential Income
- Sewer: Public Sewer
- Water Source: Public
- Roof: Flat, Other
- Basement: Other
- Basement: Yes
- Bathrooms Full: 0
- Bathrooms Half: 0
- Bathrooms Total Integer: 0
- Levels: Two
- BathsTotal: 0.0
Property History for 3117 Carolina Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3117 Carolina Avenue
Schools near 3117 Carolina Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
J.E.B. Stuart Elementary School PublicPK to 5 | ||
Henderson Middle School Public6 to 8 | ||
Open High School Public9 to 12 | ||
John Marshall High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of One South Realty Group, LLC, Ann Schweitzer
Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
