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5,500 SqFt
$ 1,200,000
Est. payment | /mo
5,500 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $218
MLS Listing ID 2521712
Construction Status Actual
HOA Y/N No
Year Built 2014
Lot Size 1.000 Acres
Acres 1.0
Property Description
RVA 5 Property Turnkey Rental Portfolio For Sale.
Portfolio Overview
- Total Properties: 5 single-family homes
- Locations: 4 homes on Richmond's Southside, 1 in Randolph near Maymont
- Bedrooms: Four 3-bedrooms, One 4-bedroom
- Monthly Rental Income: ~$8,000 (with potential for growth)
- Condition: Well-maintained, professionally managed
Appeal: Ideal for turnkey investors or flippers (minimal cosmetic updates needed)
Included Properties
- 1112 Sumpter St., Richmond, VA. 23220, 4-beds, 2-baths, 1577 sq ft., Rent: $2,099.00
- 5244 Germain Rd., Richmond, VA. 23224, 3-beds, 1-bath, 1020 sq ft., Rent: $1,350.00
- 606 W 49th St., Richmond, VA. 23225, 3-beds, 1-bath, 984 sq ft., Rent: $1,599.00
- 1100 Evergreen Ave., Richmond, VA. 23224, 3-beds, 1-bath, 1058 sq ft., Rent: $1,450.00
- 2036 Kimrod Rd., Richmond, VA. 23224, 3-beds, 1-bath, 1096 sq ft., Rent: $1,350.00
These homes are all tenant-occupied and generating consistent income. The seller notes that while some cosmetic wear is expected due to rentals, the homes are in good shape and could be sold retail with minimal effort once tenants cycle out.
Investment Highlights:
- Turnkey Ready: Immediate cash flow with existing tenants
- Flip Potential: Light cosmetic updates could yield retail resale
- Stable Income: ~$96,000 annually
- Growth Opportunity: Potential to raise rents or improve value
If you are ready to scale up your rental portfolio with quality, turnkey, rented properties, then take a look at these.
Portfolio Overview
- Total Properties: 5 single-family homes
- Locations: 4 homes on Richmond's Southside, 1 in Randolph near Maymont
- Bedrooms: Four 3-bedrooms, One 4-bedroom
- Monthly Rental Income: ~$8,000 (with potential for growth)
- Condition: Well-maintained, professionally managed
Appeal: Ideal for turnkey investors or flippers (minimal cosmetic updates needed)
Included Properties
- 1112 Sumpter St., Richmond, VA. 23220, 4-beds, 2-baths, 1577 sq ft., Rent: $2,099.00
- 5244 Germain Rd., Richmond, VA. 23224, 3-beds, 1-bath, 1020 sq ft., Rent: $1,350.00
- 606 W 49th St., Richmond, VA. 23225, 3-beds, 1-bath, 984 sq ft., Rent: $1,599.00
- 1100 Evergreen Ave., Richmond, VA. 23224, 3-beds, 1-bath, 1058 sq ft., Rent: $1,450.00
- 2036 Kimrod Rd., Richmond, VA. 23224, 3-beds, 1-bath, 1096 sq ft., Rent: $1,350.00
These homes are all tenant-occupied and generating consistent income. The seller notes that while some cosmetic wear is expected due to rentals, the homes are in good shape and could be sold retail with minimal effort once tenants cycle out.
Investment Highlights:
- Turnkey Ready: Immediate cash flow with existing tenants
- Flip Potential: Light cosmetic updates could yield retail resale
- Stable Income: ~$96,000 annually
- Growth Opportunity: Potential to raise rents or improve value
If you are ready to scale up your rental portfolio with quality, turnkey, rented properties, then take a look at these.
Location
State VA
County Richmond City
Area 10 - Richmond
Interior
Heating Heat Pump
Exterior
Exterior Feature Other
Roof Type Shingle
Topography Level
Building
Lot Description Level
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Actual
Others
Tax ID W000-0712-030
Ownership Investment
Listed by Weichert Brockwell & Associate
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