One South Commercial is pleased to bring to market a 37 single family home portfolio located in the heart of the Richmond MSA. The homes consist of a mix 2-4 bedrooms and are located primarily in Richmond’s east end with many of them having undergone renovations within the last 5 years. The portfolio consists of 56% section 8 tenants. With a request to RRHA, rents can be increased for all section 8 tenants moving into 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 qualified investors to purchase a single family portfolio through a loan assumption at a below market interest rate of 3.35% with a one percent assumption fee at closing. Now is the time for investors to act on this opportunity and expand their current portfolio in the Richmond MSA or enter the market with true presence.
- 100% Occupied
- 37 Properties
- 56% Section 8 Tenants
- 50,808 SF
- 133 Beds/ 55.5 Baths
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