1300 Porter Street

Active

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 the mention a FANTASTIC 1031 EXCHANGE OPPORTUNITY. This stately, brick, Quadplex offers potential historical TAX INCENTIVES, is located in an OPPORTUNITY ZONE (when set up correctly 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 permit issued! There are so many ways to leverage this special property for optimal CASH FLOW! 1300 Porter St is already demoed for you and is a blank slate with endless potential ready for your vision or follow the APPROVED plans by the city. 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!
PROP HIGHLIGHTS: R-63 zoning, Corner lot/off street parking, Located in an OPPORTUNITY zone, HISTORICAL TAX incentives. ALL permits are approved and in place. Project management crew available if needed for an additional cost.

Price:$$549,000
Address:1300 Porter Street
City:Richmond
County:Richmond City
State:Virginia
Zip Code:23224
Subdivision:Manchester
MLS:2402984
Year Built:1916
Acres:0.128
Lot Square Feet:0.128 acres
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