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235 Grove Ave
Petersburg, VA 23803
Historic QUAD Old Town Petersburg · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Historic Tax Credit Location/Building.
- Close to VSU and Old Towne Petersburg.
EXECUTIVE SUMMARY
*Petersburg Best Buy- Historic QUAD*
Historic QUAD available in Old Towne Petersburg. This fabulous property has 4 units, there are 2- two-bedroom units and 2- studio or 1-bedroom basement units. This property backs up to the Appomattox River, and is a short walk to Old Towne Petersburg, and just minutes from VSU. This property is in an historic tax credit location, so if restored correctly, possible to get up to 45% of repairs back in state and federal tax credits. Seller stabilized property and started renovations. Great college rental property, great location for an Airbnb or short-term rental property. Don't wait, drive by and take a look today.
Historic QUAD available in Old Towne Petersburg. This fabulous property has 4 units, there are 2- two-bedroom units and 2- studio or 1-bedroom basement units. This property backs up to the Appomattox River, and is a short walk to Old Towne Petersburg, and just minutes from VSU. This property is in an historic tax credit location, so if restored correctly, possible to get up to 45% of repairs back in state and federal tax credits. Seller stabilized property and started renovations. Great college rental property, great location for an Airbnb or short-term rental property. Don't wait, drive by and take a look today.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,000 | 720 |
| 2+1 | 1 | $1,700 | 1,664 |
| 2+1 | 1 | $1,700 | 1,664 |
PROPERTY TAXES
| Parcel Number | 010-09-0007 | Improvements Assessment | $96,600 |
| Land Assessment | $23,700 | Total Assessment | $120,300 |
PROPERTY TAXES
Parcel Number
010-09-0007
Land Assessment
$23,700
Improvements Assessment
$96,600
Total Assessment
$120,300
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