Sub 100k rental areas Richmond, Chesterfield, Petersburg

[Steve S]

Hello Richmond,

I am seeking advice on good rental areas B- C+ areas in the tri city area.  I would like to try a renovate and refinance strategy to purchase one or two rentals next year.  I have been keeping an eye on Highland Springs, 23221,  23224, 23225.  I am sure I am missing some zip codes I ought to be keeping an eye on. 

Thanks in advance!

[Satha Palani]

i doubt there is anything left in 23221 sub 100K.  Try the area around maymont park (23220) a lot of ranchers on nice size lots.  I have seen a few come for sale in the 100K range. This area is way overdue to be redeveloped. Great proximity to the city, close to parks and VCU is close by as well.

Also look at 23222, east of Chamberlyne south of Labarnum. how far east depends on what you are comfortable dealing with. Gentrification is moving east from Chamberlyne; closer you are to chamberlyne the more gentrified the neighborhoods.