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$ 4,671,553
21,425 SqFt
$ 4,671,553
21,425 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Rent
Square Footage 21,425 sqft
Subdivision Not In Subdivision
MLS Listing ID 9990919
HOA Y/N No
Total Fin. Sqft 21425
Year Built 2000
Lot Size 0.690 Acres
Acres 0.69
Lot Dimensions See Remarks
Source Tennessee/Virginia Regional MLS
Property Description
Looking for a truly passive, institutional-grade investment with long-term stability and statewide diversification? Don't miss this rare opportunity.
Introducing an 11-property single-family residential portfolio strategically positioned across multiple markets throughout the state of Virginia. Offered as a cohesive portfolio, this asset delivers predictable income, minimal management, and durable long-term performance—making it an ideal fit for investors seeking a reliable yield with easy operations.
Each home is 100% leased under long-term NNN 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. ResCare partners with state agencies and healthcare systems to deliver long-term, mission-critical housing services, and its scale, corporate backing, and continuity-of-care model result in historically low turnover and stable performance across economic cycles.
Under the current structure, the tenant is responsible for taxes, insurance, and maintenance, creating a true hands-off ownership experience with predictable cash flow and limited expense exposure. Lease terms extend well into the future, with several properties featuring annual rent escalations, further supporting long-term 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 provide durable, predictable income.
Offered at $4,671,553, this is a rare chance to acquire a fully stabilized, professionally operated residential portfolio with long-term NNN leases, a national credit tenant, and minimal management requirements.
Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.
Introducing an 11-property single-family residential portfolio strategically positioned across multiple markets throughout the state of Virginia. Offered as a cohesive portfolio, this asset delivers predictable income, minimal management, and durable long-term performance—making it an ideal fit for investors seeking a reliable yield with easy operations.
Each home is 100% leased under long-term NNN 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. ResCare partners with state agencies and healthcare systems to deliver long-term, mission-critical housing services, and its scale, corporate backing, and continuity-of-care model result in historically low turnover and stable performance across economic cycles.
Under the current structure, the tenant is responsible for taxes, insurance, and maintenance, creating a true hands-off ownership experience with predictable cash flow and limited expense exposure. Lease terms extend well into the future, with several properties featuring annual rent escalations, further supporting long-term 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 provide durable, predictable income.
Offered at $4,671,553, this is a rare chance to acquire a fully stabilized, professionally operated residential portfolio with long-term NNN leases, a national credit tenant, and minimal management requirements.
Information deemed reliable but collected from third-party sources and subject to buyer and buyer's agent verification.
Location
State VA
County Washington
Community Not In Subdivision
Area 0.69
Zoning Residential
Direction See Remarks
Interior
Heating See Remarks
Cooling See Remarks
Equipment See Remarks
Heat Source See Remarks
Exterior
Roof Type See Remarks
Road Frontage See Remarks
Building
Sewer See Remarks
Water See Remarks
Structure Type See Remarks
New Construction No
Others
Senior Community No
Tax ID 122 2 B 14a
Acceptable Financing See Remarks
Listing Terms See Remarks
Listed by Garrett Addington • The Addington Agency Bristol