“4-Plex” Auction Later This Month

Transom Auction will be conducting an auction sale of 516 S. Pine Street on August 18.

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Their website includes details about the sale, including this description:

Great Investment Opportunity! Located in the heart of trendy Oregon Hill and just down the block from restaurants Mama Zu and L’Opossum. Easy walk to VCU and Belle Isle. This quaint building has everything an investor could want – 100% occupancy – (4) one bedroom/one bath apartments as well as (4) separately leased garages. Extra large lot with fenced backyard, expansive covered front porch as well as first and second floor rear porches accessible by each unit.
Rare 4-plex on Oregon Hill with 4 garages
Current occupancy 100%
4 new hot water tanks 2014
Huge lot with potential to add additional units (subject to city approval)
Annualized gross rents nearly $35,000/year ($2,896 per month)

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