PhilRussell
BEDS0
BATHS
SQUARE FEET2,905
MLS#2532217
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
YOU. WILL. NOT. FIND. ANOTHER. LIKE. THIS!!!! Positioned in the heart of downtown, Old Towne Petersburg. This building was originally built in 1820 and the opportunities that come with this property are ENDLESS... currently zoned B-3 (as it was originally a Triplex, it is now being utilized as a Duplex) Retail AND Residential equipped. THIS BUILDING COMES WITH A ROOFTOP TERRACE AND AN ATTACHED GARAGE (garage space could easily be turned into third unit since it's zoned as such). It also has dedicated parking on the paved parking lot in the back AND is directly adjacent to Bartow Alley, which also has a parking lot on the other side. The roof was replaced 6 months ago with thermoplastic polyolefin, along with the second floor HVAC (2025), and fully water proofed basement with a second sump pump for added peace of mind. There is direct access from the attached garage to the first level unit... perfect for some one looking to move into the bottom unit and rent out the top (the entrances are completely separate and have their own mailbox/metered utilities). The HVAC in the bottom unit was replaced in 2021. The exposed brick runs throughout both units and the entrance to the rooftop terrace is off of the second floor living/dining room area. Each unit is currently 1 BR, and 1 BATH but the downstairs unit is massive and there is plenty of room to add a second bedroom OR put up a divider and use the space in the front as it was originally intended as a storefront! Although this property is perfect for investors/mixed use, IT DOES NOT REQUIRE any rehabilitation and is in impeccable condition; MOVE IN READY!!!
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial
Basement: Yes
Garage: 1 car attached
Home Style: Colonial, Two Story
Lot Size: 0.07 Acres
Roof Type: Built-Up, Other, Pitched
Stories: 2.0
Taxes: $3,087
Year Built: 1820
Amenities
High Ceilings
Main Level Primary
Paved Driveway
Feature Descriptions
Appliances: Electric Water Heater
Days on Site: 55
Exterior: Brick
Parcel#: 011-230004
Parking: Attached, Direct Access, Driveway, Garage, Garage Door Opener, Paved, Parking Lot
Patio/Porch: Balcony, Deck
Sewer: Public Sewer
Water: Public
Local Schools
High School: Petersburg
Middle School: Vernon Johns
Elementary School: Pleasants Lane
Listed By / Shown By
Listed By
Agency Name: KW Metro Center
Shown By
Agent Name: Phil Russell
Agent Phone: Cell: (804) 495-9914
Agency Title: Joyner Fine Properties
Estimate Your Payment
Estimated Payment
$ 2,391.19 per month $2,017.56 Principal & Interest $257.25 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
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124 W Bank Street | MLS# 2532217
This multi-family property located at 124 W Bank Street, Petersburg, VA 23803 is currently listed for sale with an asking price of $399,000. Search Petersburg real estate on www.philrussellrealtor.com today.