Petersburg, VA 23803,29-31 S Jefferson ST
See all 50 photos
Petersburg, VA 23803,29-31 S Jefferson ST
Petersburg, VA 23803,29-31 S Jefferson ST
Petersburg, VA 23803,29-31 S Jefferson ST
Petersburg, VA 23803,29-31 S Jefferson ST

$685,000

Est. payment /mo

$795,000

13.8%
Est.Price: ?

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

SOLD DATE : 10/10/2024

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!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC
Bought with NON MLS OFFICE

GET MORE INFORMATION

Tonya Nutall

Agent

+1(804) 801-4458 | nuts4homes@gmail.com

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.