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706-708 Mt Airy Street

Petersburg, VA 23803
  • $1,575,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 2409128
UPDATED: 134 min ago
$1,575,000
  • 0
    BEDS
  • 0.71
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1920
County:

School Ratings & Info

Description

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.

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Central Virginia Regional MLS logo 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 © 2024 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: 2024-06-12T07:57:29.983.
www.kevincurriegroup.com/homes/149418503
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706-708 Mt Airy Street Petersburg, VA 23803

  • Price: $1,575,000
  • Status: Active
  • On Site: 53 Days
  • Updated: 134 min ago
  • MLS #: 2409128
0
Beds
0
Baths
0
½ Baths
0.71
Acres
1920
Built
Neighborhood:
57 - Petersburg
County:
Petersburg
Area:
57 - Petersburg
Property Description
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.
Exterior Features

Architectural Style Garden Home Construction Materials Brick Exterior Features Other Levels Two Lot Features Level Road Frontage Type City Street Roof Flat Topography Level

Interior Features

Basement YN No Building Area Total 12906 Cooling Central Air Cooling YN Yes Rooms Total 8

Property Features

Buyer Agency Compensation 3.00 Disclosures Owner Is Listing Agent Lease Considered YN No Ownership Investment Property Condition Average Condition Sewer Public Sewer Water Source Public

Central Virginia Regional MLS logo Listing provided by One South Commercial LLC: (804) 353-0009. Listing information © 2024 CVRMLS and CBRAR.


Central Virginia Regional MLS logo 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 © 2024 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: 2024-06-12T07:57:29.983.
 
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Kevin Currie Group | Hometown Realty
3027 W. Cary St.
Richmond VA, 23221