$3,950,000

Details for 704 Hinton St, Petersburg, VA 23803

10.5% Cap Rate Residential Income Portfolio of 53 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 2 vacant lots - offered as a package or in group(s) 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 cosmetic improvements. While the properties were renovated they are ready for TLC. 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.

  • Lot Size
    15 Acres
  • Mls Id
    1912196
  • Price
    $3,950,000
  • Square Feet
    97,265
  • Year
    1973

704 Hinton St, Petersburg, VA 23803

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