804-266-8831
141 E Wythe St, Petersburg, VA for Sale
Apartments - FOR SALE
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141 E Wythe St
Petersburg, VA 23803


HIGHLIGHTS

  • 19 units
  • 16,150 SF
  • 95% occupied
  • 752 average SF/unit
  • $1,092 average monthly rent/unit
  • $1.45 average PSF rent/unit

OVERVIEW

MARK TO MARKET OPPORTUNITY Opportunity to capture $150+ delta between competitive set without appreciable capital investment. LOW MAINTENANCE FINISHES Historic finishes like exposed brick, hardwood and concrete flooring are always in demand and will help keep turn costs and general maintenance below market. SOLID RENTER BASE 62% of Petersburg residents are renters, either by choice or necessity, offering property owners considerable leverage when setting asking rents and terms. STRONG SUBMARKET GROWTH Demographic reports show that local population has grown more than 7% in the last several years, especially among renters by necessity. Demographics point to solid growth among those 30 to 55, who typically pay more in rent. PROXIMITY TO EMPLOYMENT & HIGHER EDUCATION Easy commute to numerous employment centers and universities, offering residents a wealth of employment and educational opportunities. *CONTACT AGENT FOR PRICING

FOR SALE DETAILS

PRICE

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# OF UNITS

19

CAP RATE

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% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flats on Wythe

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

B-3

APN/PARCEL ID

022-100007

ASK ABOUT THIS PROPERTY

Ryan RileeOne South CommercialMore Info
804-266-8831

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Ryan RileeOne South CommercialMore Info
804-266-8831

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