$1,850,000

This 11unit, multi-use rental property is located in Petersburg, VA in Old Town. The apartment complex is a fully gated, conglomeration of 4 buildings. 225 N South St. Features 7 units with a mix of 1bd and 2bd options. 225 is newly constructed and expected to have occupancy permits within the next month.217 N South St. is a 2-unit duplex and is fully rented and renovated as of 2017. 221 N South St. is currently used as a contractors office with an attached garage. This space is built out with a kitchen, bedroom, and a bath. 219 is warehouse space and currently rented out and operated as a cabinet shop. 219 N South St. presents value add potential and can be built out into an additional 8-units. The same builder is available to do your build out and has drawings ready to go. The luxury apartments in this area have above 95% occupancy. These luxury apartments stick out in the area and do not disappoint.