Richmond, VA 23220,18 W Franklin ST
Richmond, VA 23220,18 W Franklin ST
Richmond, VA 23220,18 W Franklin ST
Richmond, VA 23220,18 W Franklin ST
Richmond, VA 23220,18 W Franklin ST
Richmond, VA 23220,18 W Franklin ST
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$ 1,450,000
Est. payment | /mo

5,030 SqFt


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$ 1,450,000
Est. payment | /mo
Save

5,030 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,030 sqft

Price per Sqft $288

MLS Listing ID 2423384

Style Garden Home

HOA Y/N No

Year Built 1895

Lot Size 4,007 Sqft

Acres 0.092

Property Description

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.

Location

State VA

County Richmond City

Area 10 - Richmond

Interior

Cooling Central Air

Exterior

Roof Type Built-Up

Topography Level

Building

Lot Description Level

Building Description Brick, Multi-Tenant,No Elevators

Story 3

Sewer Public Sewer

Water Public

Architectural Style Garden Home

Level or Stories Three Or More

Structure Type Brick

Others

Tax ID W000-0104-022

Ownership Investment

Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC
Preston Hernandez

Agent | License ID: 0225270148

+1(804) 477-9362 | preston@prestonsellsrva.com

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18 W Franklin ST