Excellent investment opportunity in the heart of historic Petersburg! This income-producing duplex offers immediate rental potential with one unit already tenant-occupied. The upper unit is currently tenant-occupied and features 3 bedrooms and 1.5 bathrooms, providing instant income for the next owner. The lower unit offers 2 bedrooms and 1.5 bathrooms, presenting an excellent opportunity to lease at current market rates or occupy one unit while generating rental income from the other.
Conveniently located just minutes from Old Towne Petersburg, this property offers easy access to local restaurants, shopping, entertainment, Virginia State University, Fort Gregg-Adams, Interstate 95, Interstate 85, and Route 460, making it an attractive location for commuters and tenants alike. Residents will enjoy nearby historic attractions, the Appomattox River, Petersburg National Battlefield, parks, and the city's continuing downtown revitalization featuring locally owned restaurants, breweries, coffee shops, and boutiques.
Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a property with income-producing potential, this duplex offers an outstanding opportunity in a growing market. With a desirable unit mix, an established tenant already in place, and a location convenient to major employers and transportation corridors, this property is well-positioned to provide long-term investment potential.
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Zillow last checked:
Listing updated:
Listed by:
Katelyn Ralston804-519-9424,
FREI/United Real Estate Premier Inc540-374-1111
Source: CVRMLS,MLS#: 2621461Originating MLS: Central Virginia Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Features
Has basement: No
Attic: None
Interior area
Total interior livable area: 2,032 sqft
Property
Features
Levels: Two
Stories: 2
Lot
Size: 5,950 Square Feet
Details
Parcel number: 030060008
Zoning description: R-3
Special conditions: Estate
Construction
Type & style
Home type: MultiFamily
Architectural style: Two Story
Property subtype: Duplex, Multi Family, Multi Family
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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