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125 S Chappell St - 3/3 Duplex on S Chappell St. 2 Unit Apartment Building Offered at $225,000 at a 14.02% Cap Rate Petersburg, VA 23803
INVESTMENT HIGHLIGHTS
- Turnkey rental property.
- Positive cash flow rental property.
- HVAC, Vinyl siding, New roof.
EXECUTIVE SUMMARY
*Petersburg Best Buy* Super Duplex!
Investors, don't let this one get away. We have a Super Duplex available in Petersburg. This is a Large Duplex, with 2232 sq ft of living space. Tax records say these are 2-bedroom units, but there is a nice 1st floor room that just needs a closet to be a legit 3rd bedroom. Property has vinyl siding and a new roof, HVAC and hard wood floors. There is a tenant in 1 unit that is moving out at the end of the year. Market rents for a 3-bedroom with HVAC run from $1500-$1800 or more. Property has 2 water meters and 2 electric meters. Minimal work needed, rent ready as it is. Property will be sold in as is condition and any inspections will be for informational purposes only. Don't wait, drive by and take a look today.
Investors, don't let this one get away. We have a Super Duplex available in Petersburg. This is a Large Duplex, with 2232 sq ft of living space. Tax records say these are 2-bedroom units, but there is a nice 1st floor room that just needs a closet to be a legit 3rd bedroom. Property has vinyl siding and a new roof, HVAC and hard wood floors. There is a tenant in 1 unit that is moving out at the end of the year. Market rents for a 3-bedroom with HVAC run from $1500-$1800 or more. Property has 2 water meters and 2 electric meters. Minimal work needed, rent ready as it is. Property will be sold in as is condition and any inspections will be for informational purposes only. Don't wait, drive by and take a look today.
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$36,000
|
$16.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,000
|
$16.13
|
| Taxes |
$1,445
|
$0.65
|
| Operating Expenses |
$3,000
|
$1.34
|
| Total Expenses |
$4,445
|
$1.99
|
| Net Operating Income |
$31,555
|
$14.14
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $16.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $16.13 |
| Taxes | |
|---|---|
| Annual | $1,445 |
| Annual Per SF | $0.65 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $1.34 |
| Total Expenses | |
|---|---|
| Annual | $4,445 |
| Annual Per SF | $1.99 |
| Net Operating Income | |
|---|---|
| Annual | $31,555 |
| Annual Per SF | $14.14 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Hardwood Floors
- Oven
- Attic
- Family Room
- Lawn
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $1,500 | 1,024 |
| 3+1 | 1 | $1,000 | 1,024 |
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125 S Chappell St - 3/3 Duplex on S Chappell St.
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