Long Lofts - 98% Occupied & Positioned for Cash Flow
62 Unit Multifamily Investment | Cash Flow with 98% Occupancy
Marketing description
Long Lofts is a boutique, loft-style multifamily community located in the heart of Historic Petersburg, offering investors stabilized cash flow with durable physical characteristics and timeless appeal. The Property includes a multitude of unique one-bedroom floor plans featuring open-concept layouts and modern finishes, appealing to renters seeking well-located housing with high end amenities at accessible price points.
Notably, the all one-bedroom unit mix represents a strategic advantage, aligning with the deepest and most liquid segment of renter demand—including young professionals, students, and single-person households. This configuration supports strong leasing velocity, simplified operations, and eliminates roommate friction, ultimately enhancing income durability.
Petersburg is gaining strong economic momentum, driven by major investments such as the $1.4B Live! Casino & Hotel Virginia, a new data center campus, and ongoing Old Towne redevelopment. These projects are expected to boost jobs, wages, and housing demand, supporting a positive long-term outlook for the rental market.
Investment highlights
- Consistently 95%+ occupied
- Low capital expenditure burden
- Operates efficiently with onsite office staffed part-time
- Premium amenity package
- Monetize excess land to generate upside without impacting multi-family operations
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