Remnant Church Purchases Multifamily Asset At 2700 Stuart Avenue In Richmond For $1.1M
2700 Stuart Avenue
$1,100,000
$160/SF
Building Size
6,840 SF
Asset Type
MultiFamily
Closing
Jun 9, 2025
AI
The multifamily asset located at 2700 Stuart Avenue, Richmond, Virginia, has a sale price of $1,100,000. The property encompasses 6,840 square feet with a price per square foot of $161.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 2700 Stuart Avenue
- Market: Richmond, VA
- Square Footage: 6,840
- Price per Square Foot: $161
- Buyer: Remnant Church
- Seller: Braille Circulation Library
- brokers: Jeffrey Cooke & Reilly Marchant - Cushman & Wakefield
Jeffrey Cooke and Reilly Marchant of Cushman & Wakefield represented the parties in this transaction, facilitating the sale between Remnant Church and Braille Circulation Library.
Players
Richmond MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93