18 W Franklin ST Active Save Request In-Person Tour Request Virtual Tour
Richmond,VA 23220
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