Richmond, VA 23222 1002 Althea Parkway
$905,000
Presented By: Matt Smith with Weichert Brockwell & Associate.
- MLS# 2521785
- 07/13/2025
Home Details
RVA 4 Property Rental Portfolio For Sale.
This sale includes four single-family homes—all currently rented and generating over $5,500/month in income. The properties are well-maintained and offer potential for both turnkey rental income and resale flipping.
Investment Highlights
- Monthly rental income: $5,500+
- ~$66,000 annually
- Room to grow with rent increases or tenant turnover
- Minimal updates needed for retail resale
- Potential for flipping or holding as a cash-flowing asset
- Managed and maintained professionally
Sale includes the following properties: 1002 Althea PKWY., 1603 Lyndover Rd., 1703 Parlow Dr., 1906 McDonald Rd..
Growth Opportunity: Potential to raise rents or improve value If you are ready to scale up your rental portfolio with quality, turnkey, rented properties, then take a look at these.
Presented By: Matt Smith with Weichert Brockwell & Associate.
Interior Features for 1002 Althea Parkway
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories1
General for 1002 Althea Parkway
Additional Parcels Y/NNo
Attached Garage No
Building FeaturesNoElevators, SingleTenant
Carport Y/NNo
CountyRichmond City
DirectionsTake 1st Ave in the City to Althea PKWY, home is at the end of the Cul de sac.
Full Baths
Garage Y/NNo
HOANo
HeatingHeatPump
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionALTHEA PKWY L8 BD 0045.00X0129.75 0000.000
LevelsOne
Lot Size UnitsAcres
MLS Area30 - Richmond
MobileHomeRemainsYNNo
ModificationTimestamp2025-08-04T11:47:48.243-00:00
New ConstructionNo
OwnershipInvestment
PossessionCloseOfEscrow
PostalCityRichmond
Property Attached Y/NNo
Property ConditionGoodCondition
Property TypeCommercialSale
Rent Control Y/NNo
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Standard StatusActive
StatusActive
Stories Count1
Tax Assessed Value0
Tax Lot8
TopographyLevel
Total Rooms5
Year Built1960
Year Built DetailsActual
Zoning DescriptionR-6
Exterior for 1002 Althea Parkway
Crops Included Y/NNo
Exterior AmenitiesOther
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres1.0
Lot Size Area1.0
Road Frontage TypeCityStreet
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Christopher Joseph
Associate