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$ 4,495,000
Price Dropped by $176K
14420 Peaceful Valley RD Abingdon, VA 24210
21,425 SqFt
UPDATED:
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 stabilized, income-producing residential portfolio with long-term tenancy and statewide diversification? Don't miss this rare opportunity. This 11-property single-family residential portfolio is strategically positioned across multiple markets throughout the Commonwealth of Virginia and is offered as a cohesive investment package. The portfolio provides durable cash flow, long-term occupancy, and operational consistency, making it an attractive opportunity for investors seeking reliable performance across multiple locations. Each home is 100% leased under long-term 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. The company partners with state agencies and healthcare systems to deliver long-term, mission-critical housing services, resulting in historically low turnover and stable occupancy across economic cycles. The current owner reports a strong and cooperative working relationship with ResCare throughout the hold period, contributing to streamlined communication and consistent property oversight. ResCare also maintains its own internal maintenance department that handles repairs and ongoing maintenance responsibilities covered under the lease agreements, supporting efficient day-to-day property operations. Lease terms extend well into the future, with several properties featuring annual rent escalations that support long-term income 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 contribute to consistent cash flow and reduced rollover exposure. Offered at $4.495 million, this is a rare opportunity to acquire a fully stabilized residential portfolio backed by long-term tenancy, geographic diversification, and an established national operator. 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