Property Description:
Hi there! I am selling my furnished rental in Portsmouth. It is only .7 miles to the Naval Medical Center. I have focused on extended stay travelers (30 days or more) and have not have one day of vacancy since I listed it earlier this year. I live in Richmond and am looking to get out of SFR in the Hampton Roads area (I know people always wonder why someone is selling!) This house is truly as turn-key as they can come. It had a new HVAC installed last year and all of the duct work and new vapor barrier is in the process of being installed. It will rent for close to $2,000 a month to longer-term travelers. I started lower and have worked the price up as the year went on and never an issue. There is a lot of demand in this area for traveling professionals and military relocation. There are also no short-term rental restrictions in Portsmouth, so you could increase your cash flow by doing nightly in the summer. Portsmouth was listed as one of the top 8 places in the country to have an AirBnB, see here mashvisor.com/blog/best-cities-for-airbnb-investment-2019/ I am posting here before I put on the market next month. This price includes the furnishings. I am trying to move this one fast. Appraised last fall for $165,500. The current tenant checks out October 5 and I have not put another in place. Traditional financing is fine! No owner-financing.