Description
DON’T MISS THIS HIDDEN JEWEL. 2 Story 3 BED, 2 Bath, 1,264 SF Home with off-street parking. IN PARENT POPULAR NEIGHBORHOOD OF OREGON HILL. Three Short Block walk to VCU Main Campus.
Property has an outstanding CAP Rate Above 6. Leases are fully protected in this property which houses three students, each with their own lease covering full property rent and co-signed / guaranteed by the occupants parents. See docs for sample lease prototype. Whether buying as an investment or as student housing for one's own son or daughter, this property is and ideal investment with a captive audience of high quality tenants.
Great Investment Property in an area where homes rarely come available. Zero Vacancy Rate for past decade. Student leases with full security deposits, Parental co-sign and guarantees. In-Area Maintenance Man. Property Very Well Maintained. $1,875 / month current rent. Cash Flow Positive. New 30-year roof installed in 2020. Seller provided Full 1 Year Home Warranty. THIS IS A MUST SEE WHICH WON’T LAST LONG. A RARE FIND SELDOM AVAILABLE IN RICHMOND’S OREGON HILL.
Location
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Courtesy of: Federa, Inc. Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th May, 2022 6:34 PM (UTC)