720 E Wythe Street

    Petersburg, VA 23803
    • $125,000
    • STATUS: Active
    • ON SITE: 173 days
    • ID#: 1933599
    UPDATED: 135 min ago
    $125,000
    • 5
      BEDS
    • 0.17
      ACRES
    • 2
      BATHS
    • 1
      1/2 BATHS
    • 2,248
      SQFT
    • $56
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1929
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Newly Renovated 5 bedroom, 2.5 bath home- New roof, HVAC, electrical updates, privacy fence Tenant pays $1,000/mon rent for $8,858/yr net income. This property is sold individually or as part of a 10.5% Cap Rate Portfolio of 53 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 2 vacant lots at Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with improved market conditions, increased rental population and investment in property shell, systems, new kitchens, baths and miscellaneous upgrades. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option. sold 'as is'

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    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-03T23:57:10.813.
    www.abbittrealty.com/homes/99919625

    720 E Wythe Street Petersburg, VA 23803

    • Price: $125,000
    • Status: Active
    • Updated: 135 min ago
    • ID#: 1933599
    5
    Beds
    2
    Baths
    1
    ½ Baths
    0.17
    Acres
    2,248
    SQFT
    $56
    $/SQFT
    1929
    Built
    Neighborhood:
    None
    County:
    Petersburg
    Area:
    57 - Petersburg
    Elementary School:
    Walnut
    Middle School:
    Peabody
    High School:
    Petersburg
    Property Description
    Newly Renovated 5 bedroom, 2.5 bath home- New roof, HVAC, electrical updates, privacy fence Tenant pays $1,000/mon rent for $8,858/yr net income. This property is sold individually or as part of a 10.5% Cap Rate Portfolio of 53 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 2 vacant lots at Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with improved market conditions, increased rental population and investment in property shell, systems, new kitchens, baths and miscellaneous upgrades. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option. sold 'as is'
    Exterior Features

    Architectural Style Two Story Construction Materials FrameVinyl Siding Garage YN No Roof CompositionShingle Waterfront YN No

    Interior Features

    Basement YN No Cooling Central Air Cooling YN Yes Flooring Carpet Heating ElectricNatural GasWall Furnace Heating YN Yes Rooms Total 0

    Property Features

    Association YN No Disclosures Disclosure On File Ownership Corporate Property Attached YN No Property Sub Type Single Family Residence Sewer Public Sewer Special Listing Conditions Corporate Listing Tax Annual Amount 1189 Tax Lot 60 Tax Year 2018 Water Source Public Zoning Description R-3

    Listing courtesy of Joyner Fine Properties. Listing information © 2020 CVRMLS and CBRAR.


    All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2020 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2020-04-03T23:57:10.813.
     
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