RE: πŸ’ŽπŸ’Ž Richmond Turn-Key Rental [OFF-MARKET 🟣🟣 Dirt-Cheap Pricing πŸ’₯πŸ’₯

Henrico County, Richmond, VA, 23223 View full address
$200,000
820 sq ft
For Sale

Facts and Features

Type
Single Family
Parking
Driveway
Year build
1980
Lot size
0.20 acres
Bedrooms
4
Sq. Footage
820
Bathrooms
2

Summary

πŸ’ͺ You can click the πŸ™Œ WIN IT NOW button and avoid all the bidding and πŸ” lock this one down now πŸ’₯


Purchase Price: $200,000

MARKET VALUE: $275,000

REPAIRS NEEDED: NONE TO LIGHT


β˜‘οΈ PROPERTY TYPE: SINGLE FAMILY

  • 4 Bedrooms
  • 2 Bathrooms
  • Built in 1980
  • 820 Sq Ft - Lower Level Not Included in Tax Records!
  • Lot Size: .2 Acres
  • Henrico County, VA
  • Current Tenant Paying $1,200 Month 2 Month
  • Amazing Hardwoods Throughout
  • New Windows in 2004
  • New Roof 2014
  • New AC 2019
  • City Sewer & Water
  • Zoned For Henrico County Public Schools!!
  • Annual HOA Fee: $300
  • Annual Taxes Only: $1,280
  • Minutes to Highland Springs High School, Walmart, Lowes, Publix & Downtown Richmond!

β˜‘οΈ Recent Sales (ARV)

  1. 509 Witchduck Ln - Sold for $272,000 on 5/27/22
  2. 306 Wren Rd - Sold for 316,000 on 6/29/22
  3. 115 E Jerald St - Sold for $297,000 on 3/25/22
  4. 4805 Jan Rd - Sold for $290,000 on 5/6/22
  5. 948 Pleasant St - Sold for $360,000 on 2/9/22
  6. 214 Buffalo Rd - Sold for $290,000 on 6/24/22
  7. 934 Pleasant St - Sold for 286,000 on 2/23/22

β˜‘οΈ EXIT STRATEGY

πŸ’°SHORT TERM FLIP: Move these tenants out since they are M2M. The property will need a cosmetic rehab. Paint, Clean, New Flooring, New Bathroom Vanity.

🏧 LONG TERM RENTAL: This is where wealth is built in newer long term rentals like this one. Move these tenants out or raise their rent to market rate and ride it out. If you decide to move them out, you can refurbish the inside and push rent to $1,500/month or higher!

πŸ’²πŸ’²πŸ’² AIRBNB: Nightly rentals in this zip code range from $130 to $184 per night!!


This property is currently rented at $1,200 a month. The taxable sq ft is 820. This is the upstairs area, VA does not include basement or below grade area in the taxable info so the bedroom and there is a BONUS!

PRO-TIP: You could covert the other side of the basement into living space to pick up even more useable space!! This is literally "found money" down there because this deal is priced cheaper than other 900 sq ft properties!! WIN-WIN-WIN!!


πŸ‘‰πŸ‘‰πŸ“ž GIVE RACHEL A CALL OR SHOOT HER A πŸ“² TEXT FOR MORE INFO ON THIS KILLER DEAL! (423) 358-2588 πŸ’°πŸ’° ✳️ βœ³οΈ 


All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract with the seller of the property. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $595 closing fee to ezREIclosings for transaction coordination.

Street View

Location and Comparables

Bedrooms
Bathrooms
Sq. footage
Last Sale Date
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