217-225 N South St FOR SALE


Petersburg, VA - Old Towne Petersburg
$1,850,000 USD
804-920-0615
, Petersburg, VA for Sale
$1,850,000 USD
FOR SALE
1/19
null | 5.58% Cap Rate

217-225 N South St
Petersburg, VA
Old Towne Petersburg


HIGHLIGHTS

  • Value Add Potential
  • Multi-Use
  • Tax Credit Opportunity

OVERVIEW

This 11unit, multi-use rental property is located in Petersburg, VA in Old Town. The apartment complex is a fully gated, conglomeration of 4 buildings. 225 N South St. Features 7 units with a mix of 1bd and 2bd options. 225 is newly constructed and expected to have occupancy permits within the next month.217 N South St. is a 2-unit duplex and is fully rented and renovated as of 2017. 221 N South St. is currently used as a contractors office with an attached garage. This space is built out with a kitchen, bedroom, and a bath. 219 is warehouse space and currently rented out and operated as a cabinet shop. 219 N South St. presents value add potential and can be built out into an additional 8-units. The same builder is available to do your build out and has drawings ready to go. The luxury apartments in this area have above 95% occupancy. These luxury apartments stick out in the area and do not disappoint.

ASK ABOUT THIS PROPERTY

Antonio EvolaEvola Property GroupMore Info
804-920-0615

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Antonio EvolaEvola Property GroupMore Info
804-920-0615

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.