Description
For sale: stabilized portfolio of 59 single-family and duplex rental properties in the Tri-Cities area, part of the Richmond MSA. The portfolio is being offered for $7,200,000 free-and-clear of existing debt. Seller diligently assembled the portfolio one property at a time, offering investors meaningful scale without the headaches and transactional expense of aggregation. Seller replaces roofs and windows at acquisition and installs durable, low-maintenance finishes and systems as needed. Tenants are carefully qualified, limiting collection loss and turnover. Petersburg proved to be a resilient rental market during the turbulence of COVID and is benefiting from investment by savvy real estate developers as well as growth companies looking for cost effective operations with easy access to Richmond and Interstates 85 and 95.
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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. Updated: 6th June, 2023 8:14 PM (UTC)
Listing Agent: Ryan Rilee
Listing Office: One South Realty Group, LLC
