6313 Morningside DrRichmond, VA 23226

Property Details for 6313 Morningside Dr

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a portfolio of four Class A single-family homes located in Richmond, Virginia's desirable West End, specifically within Henrico County. The portfolio boasts a total asking price of $1,436,000, offering a compelling 5.00% capitalization rate. Currently, all four properties are occupied, generating a combined gross monthly rent of $8,675, with leases extending through at least July 2025, ensuring immediate cash flow and minimal vacancy risk. Individual property addresses include 6313 Morningside Dr, 1313 Wembly Rd, 6415 Millhiser Ave, and 7302 Harlow Rd, all within the 23226 and 23229 zip codes. This represents a significant value proposition, with a market value estimated at $1,557,000, providing immediate equity upon acquisition. The portfolio is ideal for both seasoned investors seeking to expand their holdings in a prime market and new investors looking for a turnkey entry point into the Richmond real estate market. Detailed financial information, including a complete rent roll and twelve-month financial statement (T-12), is readily available upon request. While the portfolio is offered as a complete package, individual properties are also available for separate purchase. This presents a rare opportunity to acquire high-quality, income-producing assets in a highly sought-after Richmond neighborhood.

Location Insight

City

Richmond

County

Henrico

State

Virginia

Latitude

37.5938

Longitude

-77.511

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].