$685,000
$795,000
13.8%For more information regarding the value of a property, please contact us for a free consultation.
29-31 S Jefferson ST Petersburg, VA 23803
4,554 SqFt
Key Details
Sold Price $685,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,554 sqft
Price per Sqft $150
MLS Listing ID 2414412
Sold Date 10/10/24
Style Garden Home
HOA Y/N No
Year Built 1870
Lot Size 7,034 Sqft
Acres 0.1615
Property Description
Exceptional investment opportunity of a fully renovated historic 6-unit multifamily property located in the heart of downtown Petersburg, VA. This historic gem has been meticulously updated inside and out, blending classic charm and architectural features with contemporary convenience. Each of the six (6) 1-bedroom units offers the perfect blend of historic elegance and modern comfort, making it an attractive option for tenants seeking a unique living experience in a vibrant urban setting just blocks away from the City's center. This property has undergone an extensive comprehensive renovation and replacement of all building systems, including electrical, plumbing, roof, and HVAC. This means minimal maintenance and high efficiency for years to come. Each unit features modern kitchens with new appliances, updated bathrooms, in-unit laundry facilities, and new finishes throughout. Retaining its historic character, the property boasts original architectural details such as high ceilings, large windows, and period-specific finishes, offering a unique living experience. The property has also been enhanced with extensive sitework and landscaping, providing a serene and attractive environment for residents as well as a generous off street parking component. Situated in downtown Petersburg, tenants will enjoy easy access to local shops, restaurants, entertainment venues, and public transportation. The property's central location makes it a highly desirable living option. With all units being 1-bedroom, the property caters to a wide demographic, including young professionals, couples, and retirees, ensuring a steady rental demand as Petersburg continues to grow. Fully renovated and modernized, this property requires no additional investment, offering immediate rental income potential. The demand for modernized historic apartments in downtown Petersburg ensures high occupancy rates and consistent rental income.
Location
State VA
County Petersburg
Area 57 - Petersburg
Interior
Cooling Central Air
Exterior
Roof Type Built-Up
Topography Rolling
Building
Building Description Brick, Multi-Tenant,No Elevators
Story 2
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories Two
Structure Type Brick
Others
Tax ID 022-110800
Ownership ,Investment
Financing Other
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with NON MLS OFFICE