445 Roundtop Ave
Petersburg, VA 23803
Windham Hills · Multifamily Property For Sale · 72 Units

Windham Hills is a comfortable and affordable community featuring 72 apartment units in a great location within the Petersburg City limits, near the Crater Road area and in close proximity to shopping, schools, and entertainment. Windham Hills consists of 72 two bedroom, one bath apartments that were totally renovated in the early 2000’s. At that time, the owner installed all new vinyl windows, replaced the roofs, as well as the plumbing, mechanical, and electrical systems. The units are bright, boasting large rooms, an eat-in kitchen, and outdoor space, but it private balconies or patios. All units come with dishwashers, central air conditioning, carpeted floors and good sized walk in closets. Additionally, Windham Hills features an unusual level of privacy, as each floor only has two units. This design feature promotes a uniquely quite atmosphere, which should aid in tenant retention. The investor should be able to increase rents as these decently-sized, 750 square feet, two bedroom apartments are renting for an average of $600 per month. The per square foot price, $0.80 per square foot, is low for the market and has to potential to be increased. This well run and well maintained property will provide an investor with good upside.