Partnership Dissolution - Apartments w/ Retail, Jackson Ward Richmond, VA

Live Onsite Auction with Online and Phone Bidding Available

Partnership Dissolution - Apartments with Retail, Jackson Ward Area, Richmond, VA

Complete addresses:
100, 102, 104 & 106 W. Broad Street
304, 306 & 308 N. Adams Street
308, 312 & 314 Brook Rd

Renovated, high-occupancy mixed use at the corners of W. Broad Street, Adams Street and Brook Road! Neighbors include Quirk Hotel, Bar Solita wine bar, Virginia Repertory Theater, And Dim Sum restaurant, Sweet P’s restaurant, Tarrant’s Café, and many more. 16 Total units; 15 currently leased.

Features include:

• (7) Commercial storefronts: (6) leased, (1) lease pending
• (9) Residential units, currently 100% occupied
         - (4) 1-bedroom/1 bath units
         - (5) 2-bedroom/1bath units
• New rubber membrane roof installed on the north half of the building in 2014, and the south half in 2019
• All HVAC units replaced from 2017 to 2024
• Quaint "European" courtyard

 

Address	Parcel ID#	2025 Tax Assess	2025 Annual Tax
304 N. Adams St - 100 W. Broad St - 102 W. Broad St - 104 W. Broad St - 106 W. Broad St	N0000119020	$1,173,000	$14,076
314 Brook Rd - 306 N. Adams St - 308 N. Adams St     - 308 Brook Rd - 312 Brook Rd	N0000119012	$1,096,000	$13,152
Totals:		$2,269,000	$27,228

CAN'T ATTEND AUCTION IN PERSON? CONTACT TRANZON REPRESENTATIVE BY TUESDAY, APRIL 29TH ABOUT REMOTE BIDDING VIA ONLINE SIMULCAST OR PHONE BIDDING.

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.  

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Page Londrey

Page Londrey: Tranzon Key

804-400-9294 plondrey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: 40-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: Minimum auction day deposit of $100,000, with total to make 10% by 4pm ET on Friday, May 2, 2025.
• Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.