1321 N 28th St, Richmond, Virginia 23223 - $2,950,000
16 single family home portfolio. The homes consist of a mix of 2-4 bedrooms and are located primarily in Richmond’s east end and southside with many of them having undergone over $345,000 in renovations within the last 5 years. The portfolio consists of 75% section 8 tenants. With a request to RRHA, rents can be increased for all section 8 tenants in 2023 – these increases are outlined in Figure A (see supplements for attachments). This is a rare opportunity for an investor to purchase a manageable single family home portfolio and expand their current property portfolio in the Richmond MSA or enter the market with true presence!
