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1227 Montgomery Ave, Petersburg, VA 23803

Beds
3
Bath
1
Sqft
980

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Listed byWeichert Brockwell & Associate
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Overview

TURN-KEY READY PROPERTY! Rental or Move in. This home is also great for a starter home with plenty of character, this offers value and opportunity. Other New Build Properties on the street showing signs of renovation. Great opportunity and price point for any investor, buyer, and entrepreneur for person or business to start that investment property.
Charming 3- bedroom, 1-full bath offering approximately 980 square feet in an established and quiet neighborhood. This cozy property features spacious living room, and kitchen with lots of natural sunlight. Offers on street and gravel driveway, with excellent potential for both homeowners and investors alike. At this price, you are not going to find many turn-key and ready to move in locations. Affordable opportunity with rental income potential of approximately $ 1450.00 a month. Functional layout in need of person to come in and continue to improve and invest in. Whether you are looking for your next investment, full time live in, or rental turn-key property ready to build your portfolio. This property also rents more than possible investment/ 1% cap renter rule. This home is also great for a starter home with plenty of character, this offers value and opportunity. Back yard is 155 feet long and has previous stone slab foundation for your next shed project, and some extra room in the back that can be used for other additional projects, such as garage, shed, greenhouse, or just the space to stretch out.

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
3
Number of bathrooms
1
Square feet
980
Lot size (acres)
0.16
Year built
1957

Utilities

Heating
Forced Air, Natural Gas
Cooling
None
Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$1,244.60

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Central Virginia Regional MLS MLS®#: 2619147 Last checked:

All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are Copyright © 2026 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.