28
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$179,900
Est. payment /mo
1,869 SqFt
New
706-708 Mt Airy ST Petersburg, VA 23803
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,869 sqft
Price per Sqft $96
MLS Listing ID 2514905
Style Two Story
Construction Status Actual
HOA Y/N No
Year Built 1920
Annual Tax Amount $674
Tax Year 2023
Lot Size 4,399 Sqft
Acres 0.101
Property Sub-Type Duplex
Property 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.
Location
State VA
County Petersburg
Area 57 - Petersburg
Exterior
Roof Type Flat
Porch Front Porch
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Brick,Block,Vinyl Siding
Construction Status Actual
Schools
Elementary Schools Cool Spring
Middle Schools Vernon Johns
High Schools Petersburg
Others
Tax ID 030-220003
Ownership Individuals
Listed by Greater Richmond Realty Inc