636 S Sycamore Street, Petersburg, VA, 23803

FANTASTIC CASH FLOW!! This place already has proven profitability with a very strong potential for even greater returns!! The property actually has two 4-sided brick buildings on it that are being sold as a package. The main house has 2 stand-alone apartments and four additional rooms that share a bathroom and kitchen, two of which are currently being rented out. There is an unfinished 3rd floor which could be turned into 1-2 additional units. You will see that you can possibly create 7-8 separate apartments for even better cash flow. All the current tenants pay their rent on time and have been there for years. The detached building behind the main house has one studio apartment (currently rented out) and there is space to add an additional studio unit. The property needs some TLC, but the place is eligible for local, state, and federal tax incentives for making improvements. With the right investment, this could definitely be a cash cow OR it could be converted into a large single-family home with an office in the back. This property is being sold "as-is," hence its price. Come take a look before the opportunity is gone!!!