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    Address Not Available By Request

    Petersburg, VA 23803
    • $3,850,000
    • STATUS: Active
    • ON SITE: 554 days
    • MLS #: 1912196
    UPDATED: 61 min ago
    $3,850,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1973
    County:

    School Ratings & Info

    Description

    10.5% Cap Rate Portfolio of 50 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 1 vacant lot at Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with improved market conditions, increased rental population and investment in property shell, systems, new kitchens, baths and miscellaneous upgrades. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option. sold 'as is'

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    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 Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-23T15:57:19.123.
    www.thervalife.com/homes/93812504
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    Address Not Available By Request Petersburg, VA 23803

    • Price: $3,850,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 1912196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    1973
    Built
    Neighborhood:
    57 - Petersburg
    County:
    Petersburg
    Area:
    57 - Petersburg
    Property Description
    10.5% Cap Rate Portfolio of 50 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 1 vacant lot at Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with improved market conditions, increased rental population and investment in property shell, systems, new kitchens, baths and miscellaneous upgrades. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option. sold 'as is'
    Exterior Features

    Construction Materials Brick Fencing None Lot Features Level Road Frontage Type City Street Roof MetalRubberShingle Topography Level

    Interior Features

    Basement YN No Building Area Total 97265 Cooling Central Air Cooling YN Yes Heating Electric Heating YN Yes

    Property Features

    Leasable Area 104456 Listing Terms Conventional Property Condition Good Condition Sewer Sanitary Water Source Public Zoning Description R3

    Listing courtesy of Joyner Fine Properties. Listing information © 2020 CVRMLS and CBRAR.


    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 Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-10-23T15:57:19.123.
     
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    Small & Associates, Inc. Real Estate
    5413 Patterson Ave., Suite 200
    Richmond VA, 23226