Active Listing

16 Single Family Home Portfolio | Richmond MSA | 1321 North 28th Street
Richmond, VA 23223

$2950000

Multi-Family
Property Type

16 
Units

2.5 AC
Parcel

20,597 SF
GBA

Property Summary

One South Commercial is pleased to bring to market a 16 single family home portfolio located in the heart of the Richmond MSA. The homes consist of a mix of 2-4 bedrooms and are located primarily in Richmond’s east end and southside with many of them having undergone over $345,000 in renovations within the last 5 years. The portfolio consists of 75% section 8 tenants. With a request to RRHA, rents can be increased for all section 8 tenants in 2023 – these increases are outlined in Figure A (*please click “download more information” to sign a confidentiality agreement and access due diligence materials).

This is a rare opportunity for an investor to purchase a manageable single family home portfolio and expand their current property portfolio in the Richmond MSA or enter the market with true presence!

QUICK FACTS:

  • 100% Occupied
  • Strong Market Rents
  • 75% Section 8 Tenants
  • 16 Units
  • 20,597 SF
  • 49 BD/ 21 BA

PROPERTY DETAILS

Units 16
Parcel ID N0000459011, N0001162011, S0071062011, E0000792028, 7797456741, E0000623025, 8207262704, S0071233010, S0002761011, N0001555012, 817-723-8068, E0120294011, E0120294010, E0001763076, E0001763319, & E0001763286
Co-broker Fee Yes

0
Walkability

0
Transit

PROPERTY PHOTOS

PROPERTY LOCATION

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