37 Labrook Drive — Sale in Richmond, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Richmond, VA 23225

Investment Figures

Cap rate
8.09%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the offering memorandum for 37 Labrook Drive in Richmond, VA. The property consists of eighteen units total. There are seventeen, one-bedroom one-bathroom units and one, two-bedroom one-bathroom units. The property was built in 1974 and is situated on 1.44 acres. Investment Highlights: • 18 Units: A Mix of One- & Two-Bedrooms • TRANSIT ORIENTED Easy Access to I-64, I-95, I-195 and US Route 1 • CLOSE PROXIMITY TO DOWNTOWN RICHMOND 7 Minutes from Downtown Richmond Area Attractions

Market Context

This multifamily in Richmond, VA is listed for sale. It is offered at an approximate 8.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in Richmond, VA — view the full market.

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