Petersburg VA Homes for Rent

ADDITIONAL INFORMATION

ADDITIONAL INFORMATION

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 at an attractive price point of $1,575,000. 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.

ADDITIONAL INFORMATION

NEW! 3/2 HOME TO BE BUILT. BUYER TO VERIFY ALL MLS INFORMATION.

ADDITIONAL INFORMATION

New! 4/2 Ranch Home. Under Construction. Buyer to verify all MLS information.

ADDITIONAL INFORMATION

NEW! 4/2 HOME TO BE BUILT. BUYER TO VERIFY ALL MLS INFORMATION.

ADDITIONAL INFORMATION

A long standing establishment that has served the neighborhood for over 50 years. A cornerstone of the community with huge potential. Building is being sold as is. Please include this language in your offer. Inspections are for informational purposes only. Appliances, and furniture to convey as is also. Year built is not accurate.

ADDITIONAL INFORMATION

GREAT opportunity for a coworking space which this area lacks! Formerly a grocery store and "Tri-City Lumber", this building offers a multitude of options: church, daycare, office building, shared workspace (such as a "Gather" concept), indoor sporting facility, gym/rec center, daycare, or whatever else your business or portfolio desires. You have to schedule a showing to see this building in person so you can get the full effect of what it has to offer. Most rooms/areas are furnished and could potentially be utilized by the purchaser or could ultimately be negotiable items if someone wanted to buy them. The options are LIMITLESS so come see it for yourself to determine how it would best suit your needs.

ADDITIONAL INFORMATION

The property is the former Virginia Commonwealth Bank main office which is now Blue Ridge Bank due to the merger/acquisition of the two banks. The corporate offices have relocated and the branch bank of BRB occupies the first floor. 2nd floor rented 3 years, and the 3rd floor is available for rent. BRB is dedicated to remaining in the area and will continue to leaseback from new investor / owner as part of the "terms of sale".