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
  • Sqr Footage19444
  • 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.

Price History
1/24/2019 Listed $1,900,000

General Features

MLS Area 50 - Richmond
Property Condition Good Condition
Property Type Commercial Sale

Interior Features

Air Conditioning Y/N Yes
Cooling Central Air
Heating Electric, Heat Pump
Heating Y/N Yes

Exterior Features

Lot Features Level
Lot Size Acres 4
Roadresponsibility Public Maintained Road
Roof Asphalt
Sewer Other
Topography Level


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • 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 $600K
AVG 43
Year Built
AVG 1959

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