Property Description

Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond's fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand. Property Highlights ? 12 Total Units - Well-maintained, consistently leased apartment community ? 18 Off-Street Parking Spaces - A rare and highly desirable amenity in an urban neighborhood ? Prime Manchester Location - Walkable to Hull Street's growing lineup of restaurants, breweries, retail, and new mixed-use development ? Strong Rental Demand - Manchester continues to see rising rents and high occupancy ? Turnkey Investment - Immediate cash flow with future value-add opportunities ? Condo Conversion Potential - Property layout and parking availability present an attractive opportunity for future condominium sell-off ? Urban Convenience - Minutes to Downtown Richmond, the James River Park System, and major employment centers ? Excellent Access - Close proximity to I-95, the Downtown Expressway, and public transit Investment Summary 601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.

Property Features