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125 S Chappell St
Petersburg, VA 23803
3/3 Duplex on S Chappell St. · Multifamily Property For Sale · 2 Units

Investment Highlights

  • Turnkey rental property.
  • Positive cash flow rental property.
  • HVAC, Vinyl siding, New roof.

Executive Summary

*Petersburg Best Buy* Super Duplex!
Investors, don't let this one get away. We have a Super Duplex available in Petersburg. This is a Large Duplex, with 2232 sq ft of living space. Tax records say these are 2-bedroom units, but there is a nice 1st floor room that just needs a closet to be a legit 3rd bedroom. Property has vinyl siding and a new roof, HVAC and hard wood floors. There is a tenant in 1 unit that is moving out at the end of the year. Market rents for a 3-bedroom with HVAC run from $1500-$1800 or more. Property has 2 water meters and 2 electric meters. Minimal work needed, rent ready as it is. Property will be sold in as is condition and any inspections will be for informational purposes only. Don't wait, drive by and take a look today.

Property Facts Under Contract

Price Per Unit $153,057 CAD
Sale Type Investment
Cap Rate 14.02%
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.10 AC
Building Size 2,232 SF
Average Occupancy 50%
No. Stories 2
Year Built/Renovated 1920/2021
Zoning R-3 - Property Use: 302 2 - Family State Class: 3 Multi Family Zoning: R-3

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Hardwood Floors
  • Oven
  • Attic
  • Family Room
  • Lawn
  • Large Bedrooms

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 2 $1,701 CAD 1,024

Property Taxes

Property Taxes

Parcel Number
029-05-0019
Land Assessment
$9,163 CAD
Improvements Assessment
$250,285 CAD
Total Assessment
$259,449 CAD
  • Listing ID: 38418371

  • Date on Market: 2025-11-12

  • Last Updated:

  • Address: 125 S Chappell St, Petersburg, VA 23803

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