Historic House Listings

Potential! Collingwood Apartments in Virginia. $234,000

August 17, 2020

This really has a lot of potential. You could keep it as a multiunit and make money off of it or easily turn it back to single family. They show two build dates for this house. One being 1780, just not seeing that, unless there is a small portion that was built earlier. The second date is 1890. It is located in Petersburg, Virginia. Love the trim on the front porch. It is currently set up as five units, each with central air. Two of the units have been renovated. The home is situated within walking distance to restaurants, coffee shops, breweries and shopping. 4,100 square feet. $234,000

Contact Michael Grider with Valentine Properties: 804-731-9057

From the Zillow listing:


5 unit HUGE potential Low Rise money maker! This property offers 5 units, over 4500 sqft and more… HUGE potential to be one of the most charming, impressive multi-families in Petersburg. This property is bursting with charm and sits on a giant lot that not only offer the tenants outdoor space but they can also have a very large place to park and picnic area to enjoy. 2 of the five units are renovated and ready to rent and 1 currently is rented leaving only 2 leftover to completely redo. All units offer central air and just need some love and a basic renovation to collect premium rent. When we have reviewed the property we have realized we are capable to generating a very high return by renovating and updating what’s important. This property is historic and extremely charming and can fit the need for any type of housing you desire to create. Come tour for yourself! We look forward to your visit at 107 Jefferson ave and cannot wait to give you the tour and all number potentials! Property to be sold as is. These units are large and the majority at minimum can offer 2 bedrooms if not more. We are excited for your interest and cant wait to further explore this opportunity for you.


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