Property Description

Excellent investment opportunity in the heart of historic Petersburg! This income-producing duplex offers immediate rental potential with one unit already tenant-occupied. The upper unit is currently tenant-occupied and features 3 bedrooms and 1.5 bathrooms, providing instant income for the next owner. The lower unit offers 2 bedrooms and 1.5 bathrooms, presenting an excellent opportunity to lease at current market rates or occupy one unit while generating rental income from the other. Conveniently located just minutes from Old Towne Petersburg, this property offers easy access to local restaurants, shopping, entertainment, Virginia State University, Fort Gregg-Adams, Interstate 95, Interstate 85, and Route 460, making it an attractive location for commuters and tenants alike. Residents will enjoy nearby historic attractions, the Appomattox River, Petersburg National Battlefield, parks, and the city's continuing downtown revitalization featuring locally owned restaurants, breweries, coffee shops, and boutiques. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a property with income-producing potential, this duplex offers an outstanding opportunity in a growing market. With a desirable unit mix, an established tenant already in place, and a location convenient to major employers and transportation corridors, this property is well-positioned to provide long-term investment potential.

Property Features

Local Schools