Duplex Investment | Historic Fan District
17 South Lombardy Street Richmond Virginia 23220
$795,000
Invest in the heart of Richmond’s historic Fan District neighborhood with 17 & 19 S Lombardy Street. With strong rental history and cash flow, the property boasts two 3-bedroom, 1-bathroom townhouse style units. The property also includes a back and side yard for residents. The renovation include in-unit washer/dryer, central air and gas forced heat. Historic features like the hardwood floors and fireplace hearths create a distinctive and inviting living experience. The uniqueness of these properties are in short supply and in high rental demand. With a prime location just blocks from Virginia Commonwealth University, this property is an ideal choice for investors looking for a smart investment opportunity and rental upside. Enjoy the convenience of walkability to local restaurants, coffee shops, music venues and museums. Don’t miss out on this rare opportunity to own a piece of Richmond’s rich history and vibrant community.
*17 S Lombardy is leased for $1,695 a month with a lease expiring 5/31/2025
*19 S Lombardy is leased for $1,525 a month with a lease expiring 9/30/2024
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.
Tom Rosman has been brokering investment real estate since the early 1990’s in the Richmond, VA, metro area. He has brought hundreds of transactions to a successful conclusion, including large apartment complexes, apartment buildings in historic neighborhoods, office buildings, retail properties, mixed use buildings, and numerous historic adaptive reuse properties.
Tom was one of the first brokers to recognize the transformative changes occurring in many of Richmond’s most architecturally significant but ignored neighborhoods. Having helped place many of the warehouses and other commercial structures in the hands of Richmond’s development community, Tom’s belief in what a property should be was never compromised by the condition it was in.
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
