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Assigned
Peak Potential in Petersburg!
38 Patrick St. Petersburg, VA 23803
Available for $29,000
Bedrooms - 2
Bath - 1
1,000 sqft
Taxes = $293/2023
0.10 Acre Lot
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*** DO NOT DISTURB. NO TRESPASSING. BY APPT ONLY***​
This property has been officially condemned by the city and is a tear-down per our assessment, offering a blank canvas for a high-upside opportunity. This home offers public water & sewer. The strong potential for a high ARV makes it an excellent opportunity to maximize return on investment. With the right redevelopment vision, this lot can be transformed into a valuable asset with long-term potential.
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**25 min to Downtown RVA, 22 min to Chesterfield & 20 min to Hopewell*​*​​
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ARV: For New Constructions Up to 250K​​​​​​​​​
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Comps:
1. 3 bed 2 bath 1,222 sqft - 23 N Old Church St. Petersburg, VA 23803
Sold for $249,900 on 04/03/25
2. 3 bed 2 bath 1,100 sqft - 1101 Sussex St. Petersburg, VA 23803
Sold for $229,900 on 04/25/25
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Property Highlights:
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Condemned by the City of Petersburg
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A Tear Down Per Our Assessment
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Offers Great ARV Potential
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Public Water & Sewer
PID: 005-110002
Legal description: REAR PTS1-4BK 17 E PETG 47X100
These deals are brought to you off market and are ONLY available to CASH & HARD/PRIVATE MONEY LOANS that can CLOSE QUICKLY
*Assignment of Contract* All properties offered are either owned by us, under contract and selling equitable interest, or offered in conjunction with a business associate. Agents please add your commission to the sales price paid by the buyer.