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225 N South Street

Petersburg, VA 23860
  • $2,400,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 2221444
UPDATED: 14 min ago
$2,400,000
  • 0
    BEDS
  • 0.36
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1910
County:

School Ratings & Info

Description

This 10 unit, 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. Leases are being signed for September. 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.

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Central Virginia Regional MLS logo 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 © 2022 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: 2022-08-16T09:57:37.88.
www.blakeandalipooreteam.com/homes/131399910
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225 N South Street Petersburg, VA 23860

  • Price: $2,400,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 14 min ago
  • MLS #: 2221444
0
Beds
0
Baths
0
½ Baths
0.36
Acres
1910
Built
Neighborhood:
57 - Petersburg
County:
Petersburg
Area:
57 - Petersburg
Property Description
This 10 unit, 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. Leases are being signed for September. 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.
Exterior Features

Construction Materials BrickBlock

Interior Features

Basement YN No Cooling Central Air Cooling YN Yes

Property Features

Possible Use Investment Property Condition Very Good Condition Sewer Public Sewer

Central Virginia Regional MLS logo Listing provided by Exp Realty Llc: 804-729-5188. Listing information © 2022 CVRMLS and CBRAR.


Central Virginia Regional MLS logo 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 © 2022 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: 2022-08-16T09:57:37.88.
 
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