Pending
29-31 S Jefferson St
Petersburg VA, 23803
$795,000
$174.57 per sqft
Pending
4,554 sqft
Commercial
Built in 1870
Exceptional investment opportunity of a fully renovated historic 6-unit multifamily property located in the heart of downtown Petersburg, VA. This historic gem has been meticulously updated inside and out, blending classic charm and architectural features with contemporary convenience. Each of the six (6) 1-bedroom units offers the perfect blend of historic elegance and modern comfort, making it an attractive option for tenants seeking a unique living experience in a vibrant urban setting just blocks away from the City's center. This property has undergone an extensive comprehensive renovation and replacement of all building systems, including electrical, plumbing, roof, and HVAC. This means minimal maintenance and high efficiency for years to come. Each unit features modern kitchens with new appliances, updated bathrooms, in-unit laundry facilities, and new finishes throughout. Retaining its historic character, the property boasts original architectural details such as high ceilings, large windows, and period-specific finishes, offering a unique living experience. The property has also been enhanced with extensive sitework and landscaping, providing a serene and attractive environment for residents as well as a generous off street parking component. Situated in downtown Petersburg, tenants will enjoy easy access to local shops, restaurants, entertainment venues, and public transportation. The property's central location makes it a highly desirable living option. With all units being 1-bedroom, the property caters to a wide demographic, including young professionals, couples, and retirees, ensuring a steady rental demand as Petersburg continues to grow. Fully renovated and modernized, this property requires no additional investment, offering immediate rental income potential. The demand for modernized historic apartments in downtown Petersburg ensures high occupancy rates and consistent rental income.
2414412
MLSⓇ ID
June 4, 2024
Listed
September 17, 2024
Updated
Map
29-31 S Jefferson St
Petersburg VA, 23803
Interior Features
Total Stories
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Architectual Style
Garden Home
Roof
Built-Up
Sewer
Public Sewer
Other Property Details
Area Name
57 - Petersburg
Days on Market
102
Garage
No
View
No
County
Petersburg
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
8/20/2024 | Pending | — |
Listed by One South Commercial LLC, Ann Schweitzer, (434) 981-3146
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