2203 FERNDALE AVENUE, PETERSBURG,VA 23803

Price Improvement – Investor Special – Triplex in Kenilworth Subdivision!
This multifamily property features three 1-bedroom, 1-bath efficiency units with small kitchens, situated on a .15-acre corner lot. Built in 1974 and partially remodeled in 2022, the property offers 2,196 sq ft of living space and updated electric service with three separate meters, making tenant management simple. The units require substantial renovation and currently have no HVAC, presenting an excellent opportunity for investors or savvy buyers to create value. Each unit has its own water and electric access, maximizing flexibility for rental income. This property is ideal for those seeking a hands-on investment, with strong upside potential in a convenient Petersburg location. Don’t miss the chance to renovate, reposition, and grow your rental income portfolio! Conveniently positioned near major routes with easy access to Richmond, Hopewell, and Colonial Heights, it’s a great location for commuting tenants. Whether you’re looking to fix and flip, house hack, or hold for long-term rental income, this property has the bones and the location to support a smart investment. Priced to sell, this is your chance to reimagine and revitalize a multifamily property in a growing market. Sold as-is. Motivated Seller.