For Sale

under contract

Premier Duplex Invesment | Manchester

119 West 12th Street East Richmond Virginia 23224

$635,000

Property Highlights

for sale

  • Built in 2013
  • Fully leased
  • Spacious floor plans
  • 2,722 SF

Year Built: 2013
Parcel ID: S0000062001
Square Ft: 2,722
Acreage: 0.116
Zoning: R-63
Occupancy: 100%
Unit Count: 2

Exceptional corner lot duplex investment opportunity situated in the vibrant Manchester neighborhood of Richmond! This meticulously maintained property boasts two spacious apartments, totaling 5 bedrooms and 4 baths. Each unit is thoughtfully designed with desirable features such as hardwood floors, central air, in-unit washer dryer, modern kitchens, and bathrooms. The shared backyard adds an inviting outdoor space for residents.

The property’s current rents and impressive long-term rental history underscore its standing as a superior choice in the rental market. Conveniently located just blocks away from the picturesque James River, residents can enjoy a walkable lifestyle with easy access to local restaurants, markets, and coffee shops. Discover the allure of 119 W 12th Porter Street—an investment opportunity that combines modern comforts with a prime location, making it an attractive choice for discerning investors.

Unit A

  • $1,550/month
  • 1,140 SF
  • Lease expiration: 9/22/2024

Unit B

  • $1,380/month
  • 1,582 SF
  • Lease expiration: 5/21/2025

 

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Location

119 West 12th Street East, Richmond, VA, USA

Current Property
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Listing Agent(s)

Justin Sledd

Vice President

Justin is a seasoned commercial real estate expert with over 15 years worth of experience. Having a widespread knowledge of the Richmond real estate market, Justin is comfortable handling many types of transactions, but his primary practice areas are multifamily and investment sales. Justin possesses a commanding knowledge of Richmond’s rental market, providing his clients with in-depth analysis of the competitive landscape and value-added solutions. Justin is a Richmond native and a graduate of Virginia Commonwealth University.

  • President (2020), Richmond Property Owners Association
  • Richmond Association of Realtors
  • Greater Richmond Association for Commercial Real Estate (GRACRE)
  • VA Department of Professional and Occupational Regulation
  • Real Estate Sales License
Communication
One South Commercial is the exclusive representative of Seller in its disposition of 119 West 12th Street | Richmond, VA, 119, West 12th Street East, Richmond, Virginia, 23224. All communications regarding the property should be directed to the One South Commercial listing team.
Property tours
One South Commercial is the exclusive representative of Seller in its disposition of 119 West 12th Street | Richmond, VA, 119, West 12th Street East, Richmond, Virginia, 23224. All communications regarding the property should be directed to the One South Commercial listing team.
Offers
One South Commercial is the exclusive representative of Seller in its disposition of 119 West 12th Street | Richmond, VA, 119, West 12th Street East, Richmond, Virginia, 23224. All communications regarding the property should be directed to the One South Commercial listing team.

DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed

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