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Rare investment opportunity in the heart of Richmond's Monroe Ward neighborhood: a meticulously renovated historic 1800s era building featuring five (5) luxurious short-term rental units. Located at 18 W Franklin St, just east of the VCU campus, this elegant 3 story building seamlessly blends timeless architectural charm with modern sophistication and convenience, offering guests an unparalleled experience. Each unit boasts high-end finishes throughout, including new kitchens, spa-like bathrooms, and designer furnishings, ensuring a stay that epitomizes comfort and style. This immaculate renovation preserves the building's historic character while incorporating contemporary amenities, making it a standout choice for discerning travelers. With an excellent rental history and the ability to command top dollar rents, this property is a proven income generator. Its prime location near Richmond's storied Jefferson Hotel and next to the Downtown YMCA offers guests great proximity to a myriad of area amenities and renowned restaurants, enhancing its appeal. Nestled in one of Richmond's most sought-after centrally located neighborhoods, guests can enjoy easy access to the City's vibrant arts scene along West Broad St, rich architectural fabric and streetscape throughout Monroe Ward, and some of Richmond's most iconic restaurants including Stella's Market, Perly's, LeMaire, and Lillie Pearl. The area's thriving tourism and business sectors ensure a steady stream of high-paying guests seeking access to some of the City's most treasured destinations, maximizing your return on investment. Don't miss out on this unique chance to own a piece of Richmond's history while capitalizing on a lucrative short-term rental market.
| DAYS ON MARKET | 150 | LAST UPDATED | 11/25/2024 |
|---|---|---|---|
| YEAR BUILT | 1895 | COMMUNITY | 10 - Richmond |
| COUNTY | Richmond City | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Nov 25, '24 | $1,650,000 |
|---|---|
| Nov 25, '24 - Today | $1,450,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 10 - Richmond |
| CONSTRUCTION | Brick |
| LOT | 4008 sq ft |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| STORIES | 3+ |
| STYLE | Garden Home |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with One South Commercial LLC
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Last Updated: 12/22/24 5:17 AM PST
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