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Petersburg 7-Pack SFR Portfolio 5 Multifamily Properties Offered at $1,564,586 CAD in Multiple Locations



Investment Highlights
- 3 BD/1 BA
- 100% occupied
- 1,062 SF (average SF)
Executive Summary
Turnkey Investment Offering Strong In-Place Cash Flow in a Rapidly Improving Market
Over the past two years, the current ownership has executed a comprehensive renovation strategy, transforming these assets from distressed condition into well-positioned, income-producing properties. Capital improvements include updated interiors, LVP flooring, modernized kitchens and baths, and the installation of central HVAC systems across all homes—a significant upgrade for this asset class. Most units also feature washer/dryer hookups, further enhancing tenant appeal and long-term retention.
The portfolio is currently 100% occupied, generating strong in-place rental income with an attractive average rent per unit. This offering provides investors with day-one cash flow supported by a stabilized rent roll, while minimizing near-term capital expenditure risk due to recent renovations.
Strategically located just south of Richmond, Petersburg continues to gain momentum as an emerging investment market. The area benefits from increasing renter demand driven by affordability, accessibility to major employment centers, and ongoing economic development initiatives—including the planned Live! Casino & Hotel Virginia project and continued revitalization of the historic downtown corridor. These factors position the market for continued rent growth and long-term appreciation.
This portfolio presents an ideal opportunity for investors seeking scale in a growing submarket, with the ability to capture both strong yield and future upside. Whether for a private investor or a group looking to expand a single-family rental platform, this offering delivers a compelling combination of stability, quality, and growth potential.
Over the past two years, the current ownership has executed a comprehensive renovation strategy, transforming these assets from distressed condition into well-positioned, income-producing properties. Capital improvements include updated interiors, LVP flooring, modernized kitchens and baths, and the installation of central HVAC systems across all homes—a significant upgrade for this asset class. Most units also feature washer/dryer hookups, further enhancing tenant appeal and long-term retention.
The portfolio is currently 100% occupied, generating strong in-place rental income with an attractive average rent per unit. This offering provides investors with day-one cash flow supported by a stabilized rent roll, while minimizing near-term capital expenditure risk due to recent renovations.
Strategically located just south of Richmond, Petersburg continues to gain momentum as an emerging investment market. The area benefits from increasing renter demand driven by affordability, accessibility to major employment centers, and ongoing economic development initiatives—including the planned Live! Casino & Hotel Virginia project and continued revitalization of the historic downtown corridor. These factors position the market for continued rent growth and long-term appreciation.
This portfolio presents an ideal opportunity for investors seeking scale in a growing submarket, with the ability to capture both strong yield and future upside. Whether for a private investor or a group looking to expand a single-family rental platform, this offering delivers a compelling combination of stability, quality, and growth potential.
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Property Facts
| Price | $1,564,586 CAD | Number of Properties | 6 |
| Price / SF | $283.49 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 5,519 SF |
| Status | Active | Total Land Area | 0.83 AC |
| Price | $1,564,586 CAD |
| Price / SF | $283.49 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 5,519 SF |
| Total Land Area | 0.83 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1931 Richmond Ave, Petersburg, VA 23803 | Multifamily | 1,386 SF | 2004 | - |
| 48 Gibbons Ave, Petersburg, VA 23803 | Multifamily | 1,080 SF | 1954 | - |
| 1211 Bland St, Petersburg, VA 23803 | Multifamily | 1,073 SF | 1960 | - |
| 2131 N Whitehill Dr, Petersburg, VA 23803 | Multifamily | 924 SF | 1957 | - |
| 21006 Butler Ct, South Chesterfield, VA 23803 | Multifamily | 1,056 SF | 1978 | - |
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Petersburg 7-Pack SFR Portfolio
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