Property Summary
ONE SOUTH COMMERCIAL is pleased to present for sale a 93-property single family rental portfolio investment in the Richmond Metro area. This portfolio sale is a unique opportunity to obtain a curated and well-maintained portfolio in desirable locations across the RMA. Rapid growth, skyrocketing demand, and limited supply equal opportunity for reliable cash flow, solid rent growth, and exit optionality in the red hot Mid-Atlantic market.
SOUGHT AFTER SCHOOL DISTRICTS
- The properties are located in some of the best school districts in Virginia.
VALUE-ADD OPTIONALITY
- Richmond is positioned for continued growth as a moderately priced mid-tier city, driving home appreciation and rent growth, diversifying risk.
UNCOMMON QUALITY
- The portfolio was curated with families in mind. These are spacious and well-maintained homes, the majority being 3BD/2.5BA with an average year built of 2000.
FAST GROWING MARKET
- Richmond’s population growth over the past several years has easily surpassed that of neighboring metros like Washington D.C., Baltimore, and Norfolk.
ACCESS TO EMPLOYMENT
- The Richmond area is home to several Fortune 500 headquarters, including Performance Food Group, Altria, CarMax, Dominion Energy, Markel, Owens & Minor, and Genworth Financial.
PORTFOLIO METRICS
- 93 single family residences
- 45 single family homes
- 48 townhomes
- Properties are located in 3 counties across the central Virginia region
- 1,759 average square footage
- $1,985 average monthly rent
- $19,796 2022 NOI/unit
PROPERTY DETAILS
| Units | 93 |
|---|---|
| Construction Date | 2000 |
| Co-broker Fee | No |