1300 Porter St

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ETS Restore & Construct is offering an incredibly rare opportunity to own a multi unit property in Manchester! 1300 Porter St is an investor/developers dream! Not to mention a FANTASTIC 1031 EXCHANGE OPPORTUNITY. This stately, brick, Quadplex offers potential historical TAX INCENTIVES, is located in an OPPORTUNITY ZONE (when set up right can defer capital gains and then ultimately eliminate the capital gains tax altogether. See packet for more information), R-63 ZONING (this is a corner lot, so more potential uses!), Off Street Parking, $30,000 worth of feasibility already COMPLETED (including all drawings/MEPS), and city approved building permits have been issued! There are so many ways to leverage this special property for optimal CASH FLOW! 1300 Porter is already demoed for you and is a blank slate with endless potential. Especially for the long term investor! DON’T HAVE A CREW TO COMPLETE THE RENOVATION? NOT A PROBLEM! There is a solution! PLEASE READ ALL INFORMATION IN PACKET ATTACHED FOR MUCH MORE DETAIL!

Price:$$599,000
Address:1300 Porter St
City:Richmond
County:Richmond City
State:Virginia
Zip Code:23224
MLS:2401191
Year Built:1916
Square Feet:3,882
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