Available for $89,000

Beds: 2

Baths: 1
Sqft: 768

Year Built: 1928

Taxes: $1,219/2025

0.09 Acre Lot​​​​​

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*** DO NOT DISTURB. NO TRESPASSING. BY APPT ONLY***​​​

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This Petersburg property offers a strong opportunity for investors seeking a straightforward value-add rental. Currently vacant, it provides immediate flexibility for renovations and tenant placement, with previous rent at $950/month offering a solid baseline. The home features baseboard heating, a fenced-in yard, and a durable metal roof that will need some TLC to get fully rent-ready. Conveniently located near major routes like I-95 and I-85, with easy access to local shopping, dining, and downtown Petersburg, this property is well-positioned for investors looking to maximize cash flow and long-term potential.​

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ARV: $160K

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As-Is Comp:

1. 2 Bed, 1 Bath, 672 Sqft - 1014 Jefferson Ln. Petersburg, VA 23803

Sold for $126,050 on 06/06/25​

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Renovated Comp:

1. 2 Bed, 1 Bath, 920 Sqft - 715 Federal St. Petersburg, VA 23803

Listed for $163,000​

2. 2 Bed, 1 Bath, 877 Sqft - 321 Porterville St. Petersburg, VA 23803

Sold for $164,900 on 02/13/26

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Property Highlights:

• Baseboard Heating

• Public Water & Sewer

• Previous Tenant Paid $950 As-Is

• Fenced In Yard 

• Metal Roof

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PID: 045-120004

Legal Description: PT 4 D R DAVIS ANNEX PLT35-29.5X112