113 S Old Church Street, Petersburg, VA 23803

Property Description

Position your portfolio to benefit from one of Central Virginia’s fastest-emerging investment markets with this fully leased, four-unit residential portfolio located in the City of Petersburg. The offering includes 709 Kirkham Street, a duplex, along with 113 South Old Church Street and 252 St. Matthews Street, providing investors with four stabilized residential units producing immediate cash flow. Each property has been well maintained and features significant recent capital improvements, including new roofs throughout the portfolio, central heating and cooling systems, and significant interior renovations, resulting in a truly turnkey investment with limited near-term capital expenditure requirements. Beyond its current performance, this portfolio offers substantial upside through future rent growth in a market experiencing unprecedented public and private investment. Current in-place rents total $6,264 per month, while projected market rents approach $8,400 per month, providing investors with a clear path to increasing revenue over time. Offered as a package for $640,000, with individual allocations of $225,000 for 709 Kirkham Street, $225,000 for 113 South Old Church Street, and $190,000 for 252 St. Matthews Street, this portfolio represents an outstanding opportunity to acquire a stabilized residential investment with immediate income, meaningful upside potential, and exposure to one of Virginia’s most rapidly evolving growth markets. Whether you’re expanding an existing single-family rental portfolio, seeking a turnkey investment with value-add potential, or completing a 1031 exchange, this offering delivers an attractive combination of current cash flow, future rental upside, and long-term equity growth.