718-720 Mt Airy Street

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. All 7 properties are listed individually but the 5 properties on Mt. Airy St. must be sold as a portfolio. 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.