THE LEGEND RVA — Proven 12-Month Performance: A $935k 4-Unit for the Effective Monthly Cost of a Standard Home. THE OPPORTUNITY Most 4-unit properties in Richmond require significant renovation and stabilization. “The Legend RVA” is an anomaly: a fully reconstructed asset configured specifically for modern living and high-yield furnished rental use. For an owner-occupant, this creates a meaningful shift in affordability. The income from three units can substantially offset your monthly ownership cost—bringing a $900k+ luxury asset within reach for buyers who would typically only consider a single-family residence. Used within the City’s STR framework, the owner unit becomes a powerful lever that can drive your effective cost toward zero. Eligible for owner-occupant financing, including FHA (subject to buyer qualification). Higher down payment structures may further improve monthly performance. THE 2026 STRATEGIC RESET The property has been repositioned at $935K to align with owner-occupant financing and maximize accessibility for buyers utilizing a house-hack strategy. The real estate is offered independently, with the furnished configuration and digital assets available as an optional turnkey add-on for buyers seeking immediate rental operation. PERFORMANCE-BASED OWNERSHIP (PROVEN RENT ROLL) Based on a 12-month realized rent roll for the existing furnished units. Scenario A: 7% Down (Approximate) Estimated income (3 furnished units): $6,700 – $7,500/month Estimated total ownership cost (PITI): $6,600 – $6,900/month The Outcome: The majority of your housing cost is offset by existing revenue. You control a $1M-caliber asset while potentially lowering your effective monthly living expense to near zero. Scenario B: 10% Down (Approximate) Estimated income (3 furnished units): $6,700 – $7,500/month Estimated total ownership cost (PITI): $6,300 – $6,600/month The Outcome: Near break-even ownership. This structure transforms a typical monthly rent or mortgage payment into long-term equity growth in a high-performing multi-unit asset. THE PROPERTY “Legend RVA” is a rare, fully reconstructed 4-plex featuring premium systems and bespoke finishes throughout. Designed with a "Hospitality-First" mindset, it offers a move-in-ready alternative to the deferred maintenance common in Richmond’s historic districts. OPTIONAL TURNKEY CONFIGURATION For buyers seeking immediate, "Day One" rental operations, the Sochil Hospitality Bundle is available separately: FF&E: All premium furniture, fixtures, and equipment. Design: Curated interiors and custom art collection. Digital Assets: Branded direct-booking website and 17 five-star reviews. Result: A seamless transition into an established mid-term rental business. FEATURES & UPGRADES Systems: New plumbing, electrical, and main sewer line. Climate: Dual-zone Mitsubishi mini-split HVAC systems. Security: Schlage Encode WiFi smart locks. Media: Wall-mounted Samsung 4K TVs and monitors in every unit. Connectivity: High-speed Cat 6A ethernet wiring throughout. Ambience: Dimplex Revillusion fireplaces in each unit. Outdoor: 600+ sq ft concrete patio with fire pit, grill, and premium vinyl privacy fencing. SHOWING PROCESS To respect the privacy of our 100% occupancy and professional tenants, initial tours are conducted via high-definition video walkthrough. In-person showings are available to pre-screened buyers with a verified pre-approval or proof of funds. IMPORTANT NOTE Figures are based on a furnished rental strategy. The property is currently configured for mixed usage (2 furnished / 2 unfurnished). Furnishings and digital assets are available separately or may be included as part of an acceptable offer. Buyers should independently verify all income, expenses, and local permitting requirements.
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