The Richmond

Single Family

2420

Sqft

2023

Details

Financials

Performance

$379,883

Purchase Price

$2,495

Anticipated Rent / Mo

Refinance Candidate

Property Leverage

2105 Richmond Avenue, Portsmouth, VA 23704

About

The Richmond is a five-bedroom, three-bathroom home located in Portsmouth, Virginia. Newly completed in 2023, this two-story home features a spacious open floor concept on the first floor with living, dining, and ample kitchen space. The home features a large deck off the kitchen, perfect for entertaining, and upgrades like recessed lighting and SS appliances. Located near downtown Portsmouth, The Richmond is within a short distance of the Norfolk Naval Shipyard and has convenient access to the highway system.

Tenant Leasing Process

The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.

Marketed for rent

Rental Status

This property is eligible to start receiving dividends after its first lease is signed.

The Market

Hampton Roads, VA

Nestled along the coastline of southeastern Virginia, the Hampton Roads region comprises nine charming cities - Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, Virginia Beach, Poquoson, and Williamsburg - each boasting unique character and rich history. Hampton Roads is the perfect destination for those seeking a blend of urban living, coastal tranquility, and military heritage. The natural beauty of Hampton Roads is undeniable, with miles of sandy beaches, lush parks, and wildlife refuges providing endless recreational opportunities. Outdoor enthusiasts can enjoy surfing, fishing, boating, or simply soaking up the sun on the pristine shores of Virginia Beach. History buffs will be captivated by the region's rich past, featuring the Historic Triangle of Williamsburg, Jamestown, and Yorktown. With its excellent schools, affordable housing, and a strong sense of community, Hampton Roads, Virginia, is an idyllic place to call home and the perfect destination for vacationers.

Common Questions

How Arrived works

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What to expect if my property is still seeking a tenant

Diversification

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