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4306 1st Street

Henrico, VA 23223
  • $7,770,000
  • STATUS: Active
  • ON SITE: 21 Days
  • MLS #: 2230056
UPDATED: 75 min ago
$7,770,000
  • 0
    BEDS
  • 7.85
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1951
County:
Area:

School Ratings & Info

Description

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 Richmonds 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 (see rent roll). 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.

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Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-11-26T13:57:20.1.
www.thervalife.com/homes/134560252
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4306 1st Street Henrico, VA 23223

  • Price: $7,770,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 75 min ago
  • MLS #: 2230056
0
Beds
0
Baths
0
½ Baths
7.85
Acres
1951
Built
Neighborhood:
42 - Henrico
County:
Henrico
Area:
42 - Henrico
Property Description
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 Richmonds 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 (see rent roll). 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.
Exterior Features

Construction Materials Brick Levels One And One Half Lot Features Level Road Responsibility Public Maintained Road Roof Built-Up Topography Level

Interior Features

Basement YN No Building Area Total 50808 Cooling Central Air Cooling YN Yes Rooms Total 5

Property Features

Property Condition Good Condition Sewer Community/Coop Sewer Water Source Community/Coop

Central Virginia Regional MLS logo Listing provided by One South Realty Group, Llc: 804-353-0009. Listing information © 2022 CVRMLS and CBRAR.


Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2022 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-11-26T13:57:20.1.
 
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Small & Associates, Inc. Real Estate
3103 Ellwood Ave
Richmond VA, 23221