UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
MLS Listing ID VAPC2000156
Year Built 1974
Annual Tax Amount $832
Tax Year 2024
Lot Size 6,534 Sqft
Acres 0.15
Property Sub-Type Other
Source BRIGHT
Property Description
Investor opportunity! This multifamily property features three 1-bedroom, 1-bath efficiency units with small kitchens, situated on a .15-acre corner lot. Built in 1974 and partially remodeled in 2022, the property offers 2,196 sq ft of living space and updated electric service with three separate meters, making tenant management simple. The units require substantial renovation and currently have no HVAC, presenting an excellent opportunity for investors or savvy buyers to create value. Each unit has its own water and electric access, maximizing flexibility for rental income. This property is ideal for those seeking a hands-on investment, with strong upside potential in a convenient Petersburg location. Don't miss the chance to renovate, reposition, and grow your rental income portfolio!
Conveniently positioned near major routes with easy access to Richmond, Hopewell, and Colonial Heights, it's a great location for commuting tenants.
Whether you're looking to fix and flip, house hack, or hold for long-term rental income, this property has the bones and the location to support a smart investment. Priced to sell, this is your chance to reimagine and revitalize a multifamily property in a growing market. Sold as-is. Motivated Seller.
Location
State VA
County Petersburg City
Zoning SPECIAL CONFORMING / R-2
Interior
Hot Water Electric
Heating None
Cooling Window Unit(s)
Heat Source None
Exterior
Garage Spaces 2.0
Utilities Available Electric Available, Sewer Available, Water Available
Water Access N
View Street
Accessibility None
Road Frontage City/County
Total Parking Spaces 2
Garage N
Building
Lot Description Rear Yard
Foundation Block
Sewer Public Septic
Water Public
New Construction N
Schools
School District Petersburg City Public Schools
Others
Tax ID NO TAX RECORD
Ownership Other
Acceptable Financing Cash, Conventional, FHA 203(k)
Listing Terms Cash, Conventional, FHA 203(k)
Financing Cash,Conventional,FHA 203(k)
Special Listing Condition Standard
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