SF Home Student Housing Portfolio
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SF Home Student Housing Portfolio
24 Properties Offered at £9,945,345 in Richmond, VA
Investment Highlights
- Exceptional Assets: 30 single-family homes and The Sugar Shack, all within walking distance of VCU.
- Prime Location: Located within walking distance of Virginia Commonwealth University (VCU), local retail, and dining options, ensuring strong appeal an
- Premium Renovations: Homes feature granite countertops and stainless-steel appliances.
- High Demand: Strong need for off-campus housing due to limited VCU on-campus options for upperclassmen and graduate students.
- Stable Occupancy: Long-term full occupancy with 12-month leases aligned with the academic calendar, primarily VCU students with guarantors.
- Favorable Rental Terms: Potential for single-family rentals to increase to market rent.
Executive Summary
Marcus & Millichap, as the exclusive listing agent, is pleased to present investors with a unique opportunity to acquire a diverse portfolio consisting of 30 single-family homes, totaling 102 Beds and two vacant lots with development potential, all within walking distance of Virginia Commonwealth University (VCU). Investors can choose to purchase the portfolio as a whole or in three separate parts.
Each home boasts premium finishes, such as granite countertops and stainless-steel appliances, and includes off-street parking. With residents covering utilities, operational costs are low. The properties benefit from strong rental demand due to their proximity to VCU and Richmond’s vibrant job market. Historically, they have maintained full occupancy, with leases aligned to the academic calendar and a stable tenant base primarily consisting of VCU students with guarantors.
Richmond's high demand for student housing is driven by VCU’s growing student population and limited on-campus options, along with the city’s dynamic job market. This portfolio presents an attractive opportunity for stable returns and long-term value in a thriving area.
Each home boasts premium finishes, such as granite countertops and stainless-steel appliances, and includes off-street parking. With residents covering utilities, operational costs are low. The properties benefit from strong rental demand due to their proximity to VCU and Richmond’s vibrant job market. Historically, they have maintained full occupancy, with leases aligned to the academic calendar and a stable tenant base primarily consisting of VCU students with guarantors.
Richmond's high demand for student housing is driven by VCU’s growing student population and limited on-campus options, along with the city’s dynamic job market. This portfolio presents an attractive opportunity for stable returns and long-term value in a thriving area.
Property Facts
| Price | £9,945,345 | Number of Properties | 24 |
| Price / SF | £239.04 / SF | Individually For Sale | 0 |
| Net Initial Yield | 5.46% | Total Building Size | 41,605 SF |
| Sale Type | Investment | Total Land Area | 1.74 AC |
| Status | Active |
| Price | £9,945,345 |
| Price / SF | £239.04 / SF |
| Net Initial Yield | 5.46% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 24 |
| Individually For Sale | 0 |
| Total Building Size | 41,605 SF |
| Total Land Area | 1.74 AC |
Properties
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Kristina Ermyakina -
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SF Home Student Housing Portfolio
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