Property Description

Petersburg Fully Rented Duplex - $219,750 Cash-Flowing Investment Opportunity! Investors, welcome to 749 Mt. Airy Street, Petersburg, VA-a fully occupied duplex with a proven rental history and excellent upside potential. Built in 1974 and renovated in 2014, this front-to-back duplex has been a dependable income-producing property for more than 10 years. The exterior features low-maintenance vinyl siding and a solid roof. Each unit offers 2 bedrooms, 1 full bathroom, baseboard electric heat, window A/C units, an electric range, and a refrigerator. Current Rental Income Unit A: Rented for $875/month Unit B: Rented for $1,000/month Total Monthly Income: $1,875 The tenants pay all utilities, while the owner is only responsible for lawn maintenance, helping keep operating expenses low. With current market rents for comparable 2-bedroom units ranging from approximately $1,250 to $1,750+ per month, this property offers a strong value-add opportunity through future rent increases as leases renew. Whether you're looking to expand your rental portfolio or purchase your first investment property, this duplex allows you to skip the time and expense of finding a property, completing renovations, and locating tenants. It's already producing income from day one. Property Highlights; Fully rented duplex, Two 2-bedroom, 1-bath units, Renovated in 2014, Long-term rental history, Tenants pay all utilities, Owner responsible for lawn care only, Significant rental upside. Sold As-Is with both tenants in place. Don't miss this opportunity to own a turnkey, income-producing property in the growing Petersburg market. Drive by and take a look today!

Property Features

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