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