RVA Turnkey Rental Portfolio (9-SFH) Multi-Family FOR SALE


Richmond, VA
$2,005,000 USD
804-366-0200
, Richmond, VA for Sale
$2,005,000 USD
Multi-Family - FOR SALE
1/9
null | 6.45% Cap Rate

RVA Turnkey Rental Portfolio (9-SFH)
Richmond, VA


HIGHLIGHTS

  • Fully Leased portfolio.
  • Close to downtown Richmond and MCV, VCU and VUU.
  • Mix of 3 and 4 bedroom homes.
  • Submarket rents with room for growth.
  • Low overhead, Tenants pay All utilities.

OVERVIEW

"RVA 9-unit Turnkey Rental Portfolio" Looking to scale up your rental portfolio? Looking for rentals with substantial equity and no repairs needed? Looking for something to flip? If you are looking for any of these things then take a look at these 9 Single Family Homes. Each of these homes has been updated and renovated and maintained. All 9 homes are rented, a little below market rent, as most of these tenants have been in place for several lease cycles, but with substantial room for growth. Tenants here pay all utilities and take care of all lawncare. All of these homes are all electric and separately metered. And all of these homes have substantial built in equity. With an average rental rate of just over $1300 per unit, there is ample room to boost rents, as all these homes have either 3 or 4 bedrooms. These homes are all in good condition, with minimal cosmetic repairs needed. These could all easily be flipped as retail values are trending up in these areas. Best of all, these 9 Homes can be split into 2 groups, making acquisition much easier. Got a 1031 exchange you need to fill, these are perfect. Call for additional information today. Group 1: $905,000.00 - 1002 Althea PKY., Richmond, VA. 23222 - 1603 Lyndover Rd., Richmond, VA. 23222 - 1703 Parlow Dr., Richmond, VA. 23222 - 1906 McDonald Rd., Richmond, VA. 23222 Group 2: $1,100,000.00 - 3103 Hanes Ave., Richmond, VA. 23222 - 3417 Oxnard Rd., Richmond, VA. 23223 - 3616 Harris Ave., Richmond, VA. 23223 - 3713 North Ave., Richmond, VA. 23222 - 3800 North Ave., Richmond, VA. 23223

ASK ABOUT THIS PROPERTY

Matt SmithWeichert Realtors Brockwell & Associates.More Info
804-366-0200

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

Matt SmithWeichert Realtors Brockwell & Associates.More Info
804-366-0200

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