141 E Wythe St Petersburg, VA 23803
About This Property
One South Commercial is pleased to present for sale 141 E. Wythe Street (the “Property” or “Wythe”) located in charming Old Towne Petersburg, VA.
Converted from a historic schoolhouse to 19 state-of-the-art apartments in 2012, the Property offers investors stable income with rental and operational upside. The property is being offered free-and-clear of existing debt, allowing investors to take advantage of today’s historically low interest rates.
The units at Wythe are spacious with high ceilings and large windows offering light-filled spaces. This neighborhood landmark sits on a large corner lot and includes 26 parking spaces, a dog run, and attractive landscaping. Residents have quick access to local hot spots like The Croaker’s Spot, Saucy’s BBQ and Trapezium Brewing Company. During the 2012 renovation the developer installed a new roof, as well as new plumbing, HVAC and electrical. The kitchens boast granite countertops, maple cabinets, and stainless steel appliances.