Flats on Wythe

MARK TO MARKET OPPORTUNITY

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  Opportunity to capture $150+ delta between competitive set without appreciable capital investment.​

LOW MAINTENANCE FINISHES

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  Historic finishes like exposed brick, hardwood and concrete flooring are always in demand and will help keep turn costs and general maintenance below market.​

SOLID RENTER BASE

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  62% of Petersburg residents are renters, either by choice or necessity, offering property owners considerable leverage when setting asking rents and terms.​

STRONG SUBMARKET GROWTH

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  Demographic reports show that local population has grown more than 7% in the last several years, especially among renters by necessity.​ Demographics point to solid growth among those 30 to 55, who typically pay more in rent.​

PROXIMITY TO EMPLOYMENT & HIGHER EDUCATION

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  Easy commute to numerous employment centers and universities, offering residents a wealth of employment and educational opportunities.​

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  Units

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    19

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  GBA

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    16,150 SF

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  Occupancy

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    95%

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  Avererage Unit Size

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    752 SF

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  Average Rent

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    $1,092/month

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  Average PSF Rent

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    $1.45