Church Hill four-unit with two units turned
M St · Church Hill · Richmond, VA 23223 · Richmond City County
Exact address released to verified buyers with proof of funds on file.
Front elevation
1 / 6Asking price
$612,000
ARV range
$795K–$845K
Repairs
$74K–$96K
Discount to ARV
25.4%
Projected profit
$8,260
ROI
1.1%
Cap rate
8.4%
Cash-on-cash
8.3%
Risk flags and disclosures
Surfaced automatically from the listing data. Confirm every item during your own diligence.
Historic district review
Exterior changes need architectural review, which can extend timelines.
- Property is within a historic district; exterior modifications require review.
Underwrite this deal
Every input is editable and every number recalculates instantly. Seller figures are pre-filled — replace them with your own assumptions.
Maximum allowable offer
$480,500
Asking price is $132K above your rule.
Total basis
$754,340
Selling costs
$57,400
Holding costs
$12,600
Contingency
$8,500
Net profit
$8,260
ROI
1.1%
Annualized ROI
2.2%
Break-even sale price
$811,118
Modeled projections for demonstration only. They are not an appraisal, a guarantee of returns, or investment advice.
Four-unit historic building with two renovated units leased at $2,050 each and two original units awaiting turn. Seller has completed the exterior envelope work including roof and windows. Remaining scope is unit interiors only.
Beds / baths
8 / 4
Square feet
3,860
Lot size
6,100 sqft
Year built
1912
Units
4
Occupancy
Partially Occupied
Market rent
$7,400/mo
Taxes
$690/mo
Access
Vacant units available now, occupied units at contract
Highlights
- Two units already renovated and leased at $2,050
- Roof, windows and masonry repointing completed in 2024
- Individually metered electric
Known repairs
- Two full unit renovations
- Common stair refinishing
- Shared laundry buildout
Deal structure
Direct-to-seller. Commercial financing and bridge debt both accepted.