3110 Woodcliff Ave - Residential Income FOR SALE


Richmond, VA 23222- Highland Terrace
$2,075,000 USD
804-723-0446
3110 Woodcliff Ave, Richmond, VA for Sale
$2,075,000 USD
Residential Income - FOR SALE
1/16
null | Request Cap Rate

3110 Woodcliff Ave
Richmond, VA 23222
Highland Terrace


HIGHLIGHTS

  • Fully leased.
  • Opportunity to increase density via infill option.
  • Ideal for buy and hold or sell individually.
  • All units located in rising submarket.
  • Excellent upside for rent or flip potential.

OVERVIEW

This fully leased eight-unit single-family rental portfolio presents a compelling opportunity to acquire immediate cash flow with additional long-term upside across the Richmond metropolitan area. The properties are strategically distributed throughout the City of Richmond’s Northside and Southside neighborhoods, as well as Chesterfield County, providing geographic diversification within a single investment. The homes have been well maintained and are 100% occupied, generating $17,790 in gross monthly rent, or approximately $2,224 per door per month. With a total portfolio offering allocation of $2,075,000, the portfolio averages approximately $259,375 per home, providing an attractive basis for a stabilized collection of individually marketable single-family assets. Beyond the portfolio’s strong in-place cash flow, several properties offer meaningful additional value through their oversized lots and potential for future development. 3100 Groveland, 3110 Woodcliff, and 417 Patrick each feature double or potentially subdividable lots, creating opportunities for future infill development, additional home sites, or disposition of excess land, subject to applicable zoning and approvals. 417 Patrick offers particularly notable upside, with the potential to subdivide into as many as three lots. The combination of stabilized rental income, an average monthly rent exceeding $2,200 per door, an attractive per-unit basis, and embedded development potential creates a unique opportunity to capture both dependable current returns and additional long-term value. Property Addresses: 3110 Woodcliff Ave, Richmond, VA: 1,232 square feet 5701 Wareham Ct, North Chesterfield, VA: 1,056 square feet 812 Akron St, Richmond, VA: 1,463 square feet 2407 Buford Ave, Richmond, VA: 1,056 square feet 3105 Enslow Ave, Richmond, VA: 1,472 square feet 3100 Groveland Ave, Richmond, VA: 1,732 square feet 3009 Midlothian Tpke, Richmond, VA: 1,776 square feet 417 Patrick Ave, Richmond, VA: 1,754 square feet

FOR SALE DETAILS

PRICE

$2,075,000 USD

PRICE/SF

$177 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased 8-Unit Single Family Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-5

APN/PARCEL ID

N000-1055-013

ASK ABOUT THIS PROPERTY

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.