531 St Marks Street, Petersburg, VA, 23803

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$7,200,000
208 Days Online

531 St Marks Street
Petersburg, VA 23803

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
64,465
SqFt
$112
/SqFt
1945
Built
County:
Petersburg
Listing courtesy of Ryan Rilee of One South Realty Group, LLC 804-353-0009
Call Now: 757-859-0924
Is this the home for you? We can help make it yours.
757-859-0924
531 St Marks Street531 St Marks Street531 St Marks Street531 St Marks Street
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For sale: stabilized portfolio of 59 single-family and duplex rental properties in the Tri-Cities area, part of the Richmond MSA. The portfolio is being offered for $7, 200, 000 free-and-clear of existing debt. Seller diligently assembled the portfolio one property at a time, offering investors meaningful scale without the headaches and transactional expense of aggregation. Seller replaces roofs and windows at acquisition and installs durable, low-maintenance finishes and systems as needed. Tenants are carefully qualified, limiting collection loss and turnover. Petersburg proved to be a resilient rental market during the turbulence of COVID and is benefiting from investment by savvy real estate developers as well as growth companies looking for cost effective operations with easy access to Richmond and Interstates 85 and 95.

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Listing Snapshot
Price 
$7,200,000
Days Online 
208 Days
Bedrooms 
N/A
Inside Area (SqFt) 
64,465 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1945
MLS Number 
2305327
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS
7 months agoListing first seen online
General Features
Construction 
Metal SidingVinyl Siding
Number of Stories 
2
Acreage 
0
Water 
Public
Interior Features
Heating 
Other
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Exterior Features
Roof 
Flat
Lot 
Level
Road Frontage 
City Street
Community Features
MLS Area 
57 - Petersburg
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 IDX information is provided exclusively 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. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2023 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.



Data last updated at 2023-10-03 06:30 PM UTC.

Neighborhood & Commute
Source: Walkscore
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