Not Disclosed Richmond, VA
$ 1,900,000
Property Attributes
  • MLS#1902324
  • TypeCommercial
  • CityRichmond
  • Area50 - Richmond
  • Zip23224
  • Style
  • Price$ 1,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4 Acres
Listing Provided Courtesy Of:
Deborah S Brown with RE/MAX Commonwealth.
Property Description

PACKAGE OF NINETEEN SINGLE FAMILY HOMES ,SECTION 8,GUARANTEED INCOME all but one. Owner will not split 19 homes package. Owner wants his asking price, firm. Monthly current income $17,300.00 a month actual, Section 8 rents now will allow $20,700 a month. Owner has not raised rents for years, he preferred keeping his tenants, many are long time tenants, some in place 18,19, years. Current RRHA & VRC SECTION 8 rents yearly owner collects: $207,600.00. The rents can be raised to $248,400.00 as per Section 8 current allowances: 4 Bedroom $1300.00 a month, 3 beds $1100.00 a month, 2 beds $900.00 a month. There are 5 FOUR bedroom homes, 8 THREE bedroom homes & 6 TWO bedroom homes. Rents could easily be raised to bring in $20,700.00 per month. See attached exhibits for further pictures , addresses, and information. All homes are maintenance free, brick or vinyl, roofs range from 1 to 15 yrs old, all PVC plumbing was added in all homes, all replacement windows added, all homes have central air & heat. Owner collects any rent difference owed by tenants after Sec 8 payments at the beginning of month. Average tenant contributions run approx 200 dollars month. See attachments.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
1/24/2019 Listed $1,900,000

General Features

Area 50 - Richmond
Heating Cooling Central Air, Electric, Heat Pump
Multi Family Type Govt Subsidized
Originating MLS Central Virginia Regional MLS
Property Type Commercial
Total Number of Commercial Units 19

Interior Features

Num Levels 1.00
Num Rooms Entered 6
Total Building Sq Ft 19444

Exterior Features

Doors Other
Drainage Unknown
Exterior Other
Irrigation Other
Road Type State Maintained
Roof Asphalt
Sewer Other
Topography Level
Water Source Public Water


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 23224

AVG $560K
AVG 19
Year Built
AVG 1940

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