Estimated Monthly Payment: $20,065/mo Richmond, VA 23225 MLS# 1741322 Commercial Listing Status: Pending
202
176
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85

REMARKS:

Kenmore Forest offers a true “turn-key” longterm stable NN lease investment opportunity in Richmond’s Forest Hill neighborhood. Kenmore Forest is comprised of two properties, 7804 and 7806 Forest Hill Avenue, which can be purchased together or separately. Combined as one offering, these properties feature two (2) assisted living facilities totaling 33, 548 SF sited on a contiguous 4.1 acre park-like resident campus which has been under the same professional ownership/ management for 15 years. An ideal location with significant frontage along the Forest Hill Avenue corridor, Kenmore Forest enjoys quiet yet convenient proximity to medical services as well as easy walkable access to nationally anchored retail centers and neighborhood services just a few blocks away. Offering an attractive and rare cap rate of 8.6% and an annual NOI of $378, 744, Kenmore Forest is not only an outstanding investment opportunity as an income-producing property, but is a highly attractive asset for a long term hold for future disposition.

OVERVIEW:

Commercial
Pending
804-353-0009
60 - Richmond
1965
4.10
Metal

FEATURES:

Brick, Metal/Vinyl

FINANCIAL:

$4,400,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of One South Realty Group, LLC

 

Date last updated: 06/24/2018

 

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2018  Central Virginia Regional Multiple Listing Service, LLC. All rights reserved