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 |