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Want to buy some apartment buildings in Whitcomb? ($1,985,000)


Chris 08/26/2016 at 8:41 AM

Does it come with security?

Richmond Tenant 08/26/2016 at 10:07 AM

I certainly hope they deal with the in the conditions in this YouTube vid before selling it:

bill 08/26/2016 at 10:42 AM


Lee 08/26/2016 at 7:09 PM

Uhmm, wow. Is this an RRHA property, or just predominantly low income/section eight? I always thought it was public housing? Can’t imagine how complicated the public to private transition would be if the current tenants have income based leases.

@Robbie Summey – There was a point (about three to five years ago) where it was possible to buy one bedroom apartments in church hill for 25k to 45k a unit in 4-20 unit buildings/complexes. Usually, there were some minor to moderate maintenance issues, but at the higher end of that range they had hardwood floors, dishwashers, and central air (I.e. They were pretty nice). It’s all economy of scale

John M 08/26/2016 at 7:13 PM

@Lee – privately owned, not RRHA

Lee 08/26/2016 at 7:23 PM

@ John M – Is it owned or managed by Great Richmond Rentals/KrS Holdings? I don’t want to badmouth people, but they managed our rental property for the previous owners and they absolutely ran the places into the ground. One building had garbage piled CHEST DEEP in the backyard! Also pretty sure they leased to anyone with a pulse so they could evict and pocket the deposit. I know they used to charge a substantial leasing fee/placement fee out of the deposit AUTOMATICALLY, just for moving folks in – somewhere in the realm of $100-250. I thought that was absolutely shitty

Cadeho 08/27/2016 at 8:58 AM

Lots 25 and 26 in the plan of Bowling Green. I’d buy if I had the money, tear them down, wait for the demolition of Whitcomb Court and the construction of its replacement and build something nicer. We have way too many apartments on this side of town helping to keep the concentration of poverty. It isn’t just the projects.


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