716-718 Wesley ST Pending Save Request In-Person Tour Request Virtual Tour
Petersburg,VA 23803
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,760 sqft
Price per Sqft $102
MLS Listing ID 2514950
Style Two Story
Year Built 1930
Annual Tax Amount $665
Tax Year 2023
Lot Size 3,240 Sqft
Property Sub-Type Duplex
Property Description
This Duplex is part of a well-curated portfolio of seven duplex rental properties nestled in Petersburg, Virginia, an integral part of the bustling Richmond Metropolitan Area. This meticulously assembled portfolio is offered debt-free. This Property is available for sale individually or as part of the portfolio. Our seller has thoughtfully assembled this collection, providing investors with a substantial scale without the typical headaches and expenses associated with piecing together such a portfolio. With a focus on tenant quality, the properties boast carefully vetted occupants, effectively minimizing collection loss and turnover. Against the backdrop of rising mortgage rates and a widespread housing shortage, there's an unprecedented demand for workforce rentals. This surge in demand grants landlords exceptional pricing leverage, allowing for a discerning selection process like never before. Throughout the turbulence of the Covid era, Petersburg has proven itself as a resilient rental market. Moreover, it's now witnessing increased investment from astute real estate developers and forward-thinking businesses seeking cost-effective operations, all while enjoying convenient access to both Richmond and the intersecting highways of Interstates 85 and 95.
Location
State VA
County Petersburg
Area 57 - Petersburg
Exterior
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Block
Schools
Elementary Schools Cool Spring
Middle Schools Vernon Johns
High Schools Petersburg