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1211 Bland Street
AI Property Summary
Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).
- Multifamily portfolio offering comprised of single family rental units
- Total asking price set at one million one hundred fifty thousand
- Portfolio delivers a current cap rate of eight percent
- Average residential unit size spans one thousand sixty-two square feet
- Unit configurations average three bedrooms and one full bathroom
- Average monthly rental income currently tracks at one thousand six hundred thirty-seven
What's Special
This multifamily single family rental portfolio located at 1211 Bland Street in Petersburg, Virginia, represents a stabilized investment opportunity. The asset consists of residential units with an average size of 1,062 square feet. Each unit within the portfolio features a functional layout averaging three bedrooms and one bathroom. With an existing average monthly rent of $1,637 per unit, the portfolio is currently positioned to generate consistent cash flow for an incoming owner. The property is situated in the Petersburg market, a region experiencing steady demand for rental housing as the area continues to see economic development. Investors focused on the multifamily sector will find this portfolio offers a clear path toward yield stabilization. The scale and composition of these units make them well-suited for long-term residential tenants seeking single-family living arrangements within the local market. The offering provides a structured entry point into the Virginia multifamily asset class at a price point of $1,150,000.
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