MLS® ID: 1912196
704 Hinton Street
Petersburg, Virginia, 23803 $125,000
Commercial building leased to church. Large garage area with 2 overhead doors allow for many uses, including gym, automotive, child care, etc. - This proparty is part of a 10.5% Cap Rate Residential Income Portfolio of 53 Properties located in Downtown Petersburg area and including 12 multi-family, 37 single-family, 2 commercial and 2 vacant lots - offered as a package, individually or in group(s) Va. State University, Fort Lee military base, multiple industrial companies, such as tobacco companies, Walmart distribution and Amazon.com in neighboring Dinwiddie County provide a stable and growing tenant base and opportunity to increase rents with cosmetic improvements. While the properties were renovated they are ready for TLC. Petersburg is located on the Interstate 95 corridor is experiencing rapid population growth and development. With existing Amtrak daily northeast regional connection and the planned east coast light-rail system Petersburg is more accessible and an affordable option.