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Well-curated portfolio of seven duplex rental properties nestled in Petersburg, Virginia, an integral part of the bustling Richmond Metropolitan Area. This meticulously assembled portfolio is offered debt-free at an attractive price point of $1,575,000. Our seller has thoughtfully assembled this collection, providing investors with a substantial scale without the typical headaches and expenses associated with piecing together such a portfolio. With a focus on tenant quality, the properties boast carefully vetted occupants, effectively minimizing collection loss and turnover. Against the backdrop of rising mortgage rates and a widespread housing shortage, there’s an unprecedented demand for workforce rentals. This surge in demand grants landlords exceptional pricing leverage, allowing for a discerning selection process like never before. Throughout the turbulence of the Covid era, Petersburg has proven itself as a resilient rental market. Moreover, it’s now witnessing increased investment from astute real estate developers and forward-thinking businesses seeking cost-effective operations, all while enjoying convenient access to both Richmond and the intersecting highways of Interstates 85 and 95.

PROPERTY FEATURES

Rooms Total : 8
Water Source : Public Sewer System : PublicSewer
Lot Features : Level Roof : Flat
Architectural Style : GardenHome Property Condition : AverageCondition
Cooling : Yes. Cooling : CentralAir
Construction Materials : Brick Topography : Level

PROPERTY DETAILS

Street Address: 706-708 Mt Airy Street
City: Petersburg
State: Virginia
Postal Code: 23803
County: Petersburg
MLS Number: 2409128
Year Built: 1920
Courtesy of One South Commercial LLC

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