|Price/Rent PSF||$ 4,750,000.00|
|SQ. FT. Available||97,265|
53 Properties located throughout Historic Downtown Petersburg and residential neighborhoods in the city.
Mixed-Use Portfolio of 53 Properties located throughout Historic Downtown Petersburg and residential neighborhoods in the city; including 12 multi-family, 37 single-family, 2 commercial and 2 vacant lots. NOI is currently $399,000 with opportunity to add value as Va. State University, federal military bases and nearby industry provide a stable and growing tenant base and opportunity to increase rents with mostly cosmetic improvementsand landscaping. While 90% of properties were renovated at some point, tenants occupy them and most need some updating and/or cosmetic repair.