6313 Morningside DrRichmond, VA 23226

Property Details for 6313 Morningside Dr

Property type

Residential income homes

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

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