Labrook Terrace Apartments
37 Labrook Drive Richmond Virginia 23225
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This well-maintained, multifamily property boasts 18 one-bedroom apartments, offering residents comfortable living spaces and easy access to all the amenities they need.
Ten of the units have been recently renovated, with premium finishes and modern appliances throughout. These units command a market rent of $1,050 per month, making them an excellent investment for discerning buyers. Meanwhile, the remaining units are currently marketed at $850 per month, with potential for rent increases with renovation. All units at the property feature mini-split heating and cooling systems, ensuring optimal comfort year-round.
One of the key benefits of 37 Labrook Dr is its ample on-site parking, providing residents with convenience of private parking at no additional cost. The property is also situated in a prime location with easy access to public transportation and a host of employers in the surrounding area. This makes it an ideal choice for residents looking for affordable housing. Investors looking for a stable and profitable opportunity in commercial real estate will find 37 Labrook Dr an excellent choice. With a proven track record of strong rental demand, prime location and modern amenities, this property offers exceptional investment opportunity in Richmond, VA.
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
