Active

706-708 Mt Airy St

Petersburg VA, 23803

$1,575,000


$122.04 per sqft

Active

12,906 sqft

Commercial

Built in 1920

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.

2409128

MLS ID

April 14, 2024

Listed

September 17, 2024

Updated

Map

706-708 Mt Airy St
Petersburg VA, 23803

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.71 Acres


Exterior Features

Other


Lot Features

Level


Architectual Style

Garden Home


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

57 - Petersburg


Days on Market

21


Garage

No


View

No


County

Petersburg


Water Source

Public


Pool

No

Listed by One South Commercial LLC, Justin Sledd, (804) 307-4060 

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 listings are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Date last updated: 9/17/2024

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