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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Commercial Lease | Sub Type: | MLS Number: | 9990919 | |
| Living Area: | 21,425 | Lot Acreage: | 1 | Year Built: | 2000 |
| Elementary School: | Middle School: | High School: |
Property Description
Looking for a stabilized, income-producing residential portfolio with long-term tenancy and statewide diversification? Don't miss this rare opportunity. This 11-property single-family residential portfolio is strategically positioned across multiple markets throughout the Commonwealth of Virginia and is offered as a cohesive investment package. The portfolio provides durable cash flow, long-term occupancy, and operational consistency, making it an attractive opportunity for investors seeking reliable performance across multiple locations. Each home is 100% leased under long-term agreements to a single national operator, ResCare Community Living. ResCare is a nationally recognized provider of residential and daily support services for individuals with intellectual and developmental disabilities, operating hundreds of community-based homes across the United States. The company partners with state agencies and healthcare systems to deliver long-term, mission-critical housing services, resulting in historically low turnover and stable occupancy across economic cycles. The current owner reports a strong and cooperative working relationship with ResCare throughout the hold period, contributing to streamlined communication and consistent property oversight. ResCare also maintains its own internal maintenance department that handles repairs and ongoing maintenance responsibilities covered under the lease agreements, supporting efficient day-to-day property operations. Lease terms extend well into the future, with several properties featuring annual rent escalations that support long-term income growth. The portfolio generates approximately $303,651 in annual NOI, supported by long-term leases--many in place for over a decade--with staggered expirations that contribute to consistent cash flow and reduced rollover exposure. Offered at $4.495 million, this is a rare opportunity to acquire a fully stabilized residential portfolio backed by long-term tenancy, geographic diversification, and an established national operator. Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.
Listing Status
Active
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More Listing Info
AC:See Remarks11 true Business Type:Residential2 true Contract Info:Foreclosure No Development Status:Infrastructure In true Electric Service:See Remarks36 true Exterior Finish:See Remarks3 true General Property Description:Acres 0.69 General Property Description:Annual Lease 303651.0 General Property Description:HOA YN No General Property Description:Lease Yes General Property Description:Lot Size2 See Remarks General Property Description:Total SqFt Finished 21425.0 General Property Description:Total SqFt Unfinished 0.0 General Property Description:Zoning2 Residential Heating:See Remarks10 true Info Available:Leases2 true Info Available:Rental Roles true Location Tax Legal Info:Block B Location Tax Legal Info:City Taxes 0.0 Location Tax Legal Info:County Taxes 1308.06 Location Tax Legal Info:Lot # 14 Other Equipment:See Remarks38 true Possession:See Remarks17 true Property Condition:Above Average true Remarks Misc:Directions3 See Remarks Remarks Misc:Public Remarks7 Looking for a stabilized, income-producing residential portfolio with long-term tenancy and statewide diversification? Don't miss this rare opportunity. This 11-property single-family residential portfolio is strategically positioned across multiple markets throughout the Commonwealth of Virginia and is offered as a cohesive investment package. The portfolio provides durable cash flow, long-term occupancy, and operational consistency, making it an attractive opportunity for investors seeking reliable performance across multiple locations. Each home is 100% leased under long-term agreements to a single national operator, ResCare Community Living. ResCare is a nationally recognized provider of residential and daily support services for individuals with intellectual and developmental disabilities, operating hundreds of community-based homes across the United States. The company partners with state agencies and healthcare systems to deliver long-term, mission-critical housing services, resulting in historically low turnover and stable occupancy across economic cycles. The current owner reports a strong and cooperative working relationship with ResCare throughout the hold period, contributing to streamlined communication and consistent property oversight. ResCare also maintains its own internal maintenance department that handles repairs and ongoing maintenance responsibilities covered under the lease agreements, supporting efficient day-to-day property operations. Lease terms extend well into the future, with several properties featuring annual rent escalations that support long-term income growth. The portfolio generates approximately $303,651 in annual NOI, supported by long-term leases--many in place for over a decade--with staggered expirations that contribute to consistent cash flow and reduced rollover exposure. Offered at $4.495 million, this is a rare opportunity to acquire a fully stabilized residential portfolio backed by long-term tenancy, geographic diversification, and an established national operator. Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification. Restrictions:See Remarks34 true Road Access:See Remarks32 true Sale Includes:Fee Simple true Sewer:See Remarks25 true Water:See Remarks12 true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
The Addington Agency Bristol
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