1,296 SqFt
1,296 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,296 sqft
Price per Sqft $169
MLS Listing ID 2612814
Style Ranch
Construction Status Actual
HOA Y/N No
Year Built 1974
Annual Tax Amount $1,234
Tax Year 2025
Lot Size 5,044 Sqft
Acres 0.1158
Property Sub-Type Duplex
Property Description
Cash-Flowing Investment Opportunity!
Investors, welcome to 749 Mt. Airy Street, Petersburg, VA—a fully occupied duplex with a proven rental history and excellent upside potential.
Built in 1974 and renovated in 2014, this front-to-back duplex has been a dependable income-producing property for more than 10 years. The exterior features low-maintenance vinyl siding and a solid roof. Each unit offers 2 bedrooms, 1 full bathroom, baseboard electric heat, window A/C units, an electric range, and a refrigerator.
Current Rental Income
Unit A: Rented for $875/month
Unit B: Rented for $1,000/month
Total Monthly Income: $1,875
The tenants pay all utilities, while the owner is only responsible for lawn maintenance, helping keep operating expenses low.
With current market rents for comparable 2-bedroom units ranging from approximately $1,250 to $1,750+ per month, this property offers a strong value-add opportunity through future rent increases as leases renew.
Whether you're looking to expand your rental portfolio or purchase your first investment property, this duplex allows you to skip the time and expense of finding a property, completing renovations, and locating tenants. It's already producing income from day one.
Property Highlights;
Fully rented duplex, Two 2-bedroom, 1-bath units, Renovated in 2014, Long-term rental history, Tenants pay all utilities, Owner responsible for lawn care only, Significant rental upside. Sold As-Is with both tenants in place. Don't miss this opportunity to own a turnkey, income-producing property in the growing Petersburg market. Drive by and take a look today!
Location
State VA
County Petersburg
Area 57 - Petersburg
Direction Take Halifax St. south, then a Right on Youngs Rd, then a Right on Arlington Rd and then a Left on Mt. Airy St.. Property on the Right.
Rooms
Basement Crawl Space
Interior
Interior Features Paneling/Wainscoting
Appliance Electric Water Heater
Exterior
Fence None
Roof Type Shingle
Porch Stoop
Garage No
Building
Story 1
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
Structure Type Drywall,Frame,Vinyl Siding
Construction Status Actual
Schools
Elementary Schools Pleasants Lane
Middle Schools Vernon Johns
High Schools Petersburg
Others
Tax ID 030-210019
Ownership Individuals
Nearby Locations