Description
Historic QUAD in Old Towne Petersburg, on the river........... Now is the Time to Buy this Historic Quad, and now is the time to renovate. This QUAD is located in an Historic Tax Credit location, and so qualifies for State and Federal Tax Credits if renovated properly, up to 45% of what you spend renovating. This property is located in Old Towne Petersburg, and is close to VSU, Ft. Lee and downtown Petersburg. This can easily be a premium rental in the heart of Petersburg. This Quad has 4-units, with 2 of them being 2-bedrooms and 2 of them being studio units. Perfect location for an Airbnb, College or City rental, etc.. Work was started on this project, but it needs to be finished. There are 4 power meters here and 2 water meters, owner will pay for water and sewer and tenants will pay for electric. With current rental rates in Petersburg, when Finished the Studio units $800-$1000 per unit per month and the 2-bedroom units $1500-$1800 per unit per month. Take the time, do the numbers, and then drive by and take a look.
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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3,328SQFT
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$113$/SQFT
School Information
Description
Historic QUAD in Old Towne Petersburg, on the river........... Now is the Time to Buy this Historic Quad, and now is the time to renovate. This QUAD is located in an Historic Tax Credit location, and so qualifies for State and Federal Tax Credits if renovated properly, up to 45% of what you spend renovating. This property is located in Old Towne Petersburg, and is close to VSU, Ft. Lee and downtown Petersburg. This can easily be a premium rental in the heart of Petersburg. This Quad has 4-units, with 2 of them being 2-bedrooms and 2 of them being studio units. Perfect location for an Airbnb, College or City rental, etc.. Work was started on this project, but it needs to be finished. There are 4 power meters here and 2 water meters, owner will pay for water and sewer and tenants will pay for electric. With current rental rates in Petersburg, when Finished the Studio units $800-$1000 per unit per month and the 2-bedroom units $1500-$1800 per unit per month. Take the time, do the numbers, and then drive by and take a look.
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Listing provided by Weichert Brockwell & Associate: (804) 518-0500. Listing information © 2023 CVRMLS and CBRAR.