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.