Description
This incredible scalable offering to renovate and operate 12 multifamily units in the heart of downtown Petersburg offers significant upside to any buyer looking for a significant value-add opportunity. Comprised of three (3) parcels totaling 0.686 acres at the prominent corner of S Jefferson St and E Wythe St, this unique assemblage can be sold altogether as 12 units or broken into two separate offerings of 6 units each. The properties retain an array of attractive original historic features including several fireplaces, heart pine flooring, and original molding. 25-27 S Jefferson St. offers a total of six (6) units which include five (5) units in the main building and a standalone unit in the carriage house. The unit mix is comprised of 1 and 2 bedroom units, which require light to moderate renovations. 29 S Jefferson is comprised of six (6) 1 bedroom units, and renovation work has been underway on this building. A highly flexible and unique investment opportunity, this offering lends itself to several strategies including a long term hold--or renovate, stabilize, and sell, either jointly or severally.
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0BEDS
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0.33ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This incredible scalable offering to renovate and operate 12 multifamily units in the heart of downtown Petersburg offers significant upside to any buyer looking for a significant value-add opportunity. Comprised of three (3) parcels totaling 0.686 acres at the prominent corner of S Jefferson St and E Wythe St, this unique assemblage can be sold altogether as 12 units or broken into two separate offerings of 6 units each. The properties retain an array of attractive original historic features including several fireplaces, heart pine flooring, and original molding. 25-27 S Jefferson St. offers a total of six (6) units which include five (5) units in the main building and a standalone unit in the carriage house. The unit mix is comprised of 1 and 2 bedroom units, which require light to moderate renovations. 29 S Jefferson is comprised of six (6) 1 bedroom units, and renovation work has been underway on this building. A highly flexible and unique investment opportunity, this offering lends itself to several strategies including a long term hold--or renovate, stabilize, and sell, either jointly or severally.
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2023-03-27T06:57:20.373.
Listing provided by One South Realty Group, Llc: 804-353-0009. Listing information © 2023 CVRMLS and CBRAR.