Active

18 W Franklin St

Richmond VA, 23220

$1,650,000


$328.03 per sqft

Active

5,030 sqft

Commercial

Built in 1895

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.

2423384

MLS ID

September 5, 2024

Listed

October 15, 2024

Updated

Map

18 W Franklin St
Richmond VA, 23220

Interior Features

Total Stories

3


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.09 Acres


Lot Features

Level


Architectual Style

Garden Home


Roof

Built-Up


Sewer

Public Sewer

Other Property Details

Area Name

10 - Richmond


Days on Market

43


Garage

No


View

No


County

Richmond City


Water Source

Public


Pool

No

Listed by One South Commercial LLC, Thomas Rosman, (804) 539-3017 

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Date last updated: 10/15/2024

Powered byLuxury Presence