1. Virginia
  2. Petersburg
  3. 722-724 Mt Airy St
$179,900

722-724 Mt Airy St, Petersburg, VA 23803

  • 1,869 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon4,400sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $96/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Pending
Listing Office:
Greater Richmond Realty Inc : 804-615-6036
Listing Agent:
David Quimby : 804-615-6036
MLS ID:
2514941

This listing courtesy of David Quimby, Greater Richmond Realty Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Cool Spring Elementary School

1450 Talley Ave, Petersburg, VA, 23803

Grades KG-5

0.72 miles away

V

Vernon Johns Middle School

3101 Homestead Dr, Petersburg, VA, 23805

Grades 6-8

2.19 miles away

P

Petersburg High School

3101 Johnson Rd, Petersburg, VA, 23805

Grades 9-12

2.11 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.