Completely and meticulously renovated in 2017-2018, this turnkey real estate investment features:
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Two stories, nearly 5,000sf
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(4) Residential one bedroom/one bath units
- (3) 2nd Floor units; (1) 1st floor rear
- High-end finishes including washer/dryers plus granite countertops and stainless appliances in kitchens
- High occupancy
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Street-front commercial space: lovely, quaint + /-1,098 sf space currently leased to bakery
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Sprinkler system
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Rubber membrane roof
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(3) Parking spaces plus grass yard at rear.
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Ideal B-5 Zoning, permitting an array of commercial uses plus multifamily with NO parking requirement
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Originally constructed in 1920
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Certain Seller-owned personal property is currently included in the lease to the commercial tenant and shall convey with the real estate, to the extent it is still present on premises. Receiver, Lender and Auction Firm make no representations or warranties as to the current presence or working order of this personal property. A list can be found in the Property Information Package.
Parcel ID: S0000085020
2027 Tax Assessment: $784,000
2026 Annual Taxes: $9,807.37
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.
This property is being sold by Peter J. Barrett, solely in his capacity as court-appointed special receiver (the “Receiver”) in VACU Resolution LLC, successor by assignment to Virginia Credit Union, Inc. v. Church Hill Ventures, LLC, et al., Case No. CL23-5394, pending in the Circuit Court for the City of Richmond, Virginia (the “Court”). The sale is subject to the Court’s approval. The property, including any personal property that conveys, is sold “AS IS, WHERE IS, WITH ALL FAULTS.” No representation or warranty of any kind, express or implied, is made by the Receiver, VACU Resolution LLC, Virginia Federal Credit Union, Church Hill Ventures, LLC, Tranzon Key, or any of their agents. This includes, without limitation, any warranty as to physical or environmental condition, square footage, dimensions, zoning, permitted uses, development potential, compliance with laws, leases, rents, occupancy, or the presence, condition, or working order of any building system or personal property. All information on this page and in the Property Information Package comes from sources believed to be reliable, but it is not guaranteed. Each bidder must rely solely on its own inspection, investigation, and due diligence, completed before bidding. Title will be conveyed by deed without warranty, executed by the Receiver, free and clear of security interests, liens, claims, and other interests only to the extent provided in the Court’s order approving the sale. The Receiver acts solely in a representative capacity and shall have no personal liability. If this summary conflicts with the Terms and Conditions of Auction Sale, the purchase contract, or any Court order, those documents control.
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