CBRE Multifamily is pleased to announce the sale of The Historic Petersburg Lofts a designer apartment loft offering located in Petersburg, Virginia. The Historic Petersburg Lofts encompass two beautifully restored properties: Butterworth Flats and Odd Fellows Lofts. Together, they offer 64 residential units, over 17,000 square feet of commercial space, and an elegant venue on the ground floor of the Butterworth Flats, presenting investors with a rare chance to acquire strong cash-flowing assets from the original developer. This opportunity is further enhanced by the recent $23 million restoration of the adjacent Hotel Petersburg, which has revitalized the area and attracted new residents and visitors. Additionally, Petersburg’s upgrade to an AA- Bond rating reflects its robust economic growth and financial stability, signaling confidence in the city’s future. As capital investments continue to pour into Petersburg, the Historic Petersburg Lofts stand as a testament to the city’s urban revitalization. Investors will not only benefit from strong returns but also play a role in shaping a thriving community.