927 Farmer ST Petersburg, VA 23803
1,758 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,758 sqft
Price per Sqft $108
Subdivision Pillow
MLS Listing ID 2629869
Style Colonial,Two Story
Construction Status Actual
HOA Y/N No
Year Built 1890
Annual Tax Amount $1,360
Tax Year 2025
Lot Size 5,401 Sqft
Acres 0.124
Property Sub-Type Duplex
Property Description
LIVE IN ONE UNIT — RENT THE OTHER!
927 Farmer St., Petersburg, VA 23803
ONLY $189,950!
FIRST-TIME HOMEBUYERS — WHY KEEP PAYING RENT WHEN YOUR TENANT COULD HELP PAY YOUR MORTGAGE?
Here is your opportunity to become a HOMEOWNER AND A LANDLORD with a small down payment!
This previously renovated Petersburg duplex features TWO 2-bedroom, 1-bath apartments, both currently vacant and ready for occupancy.
LIVE IN ONE APARTMENT AND RENT THE OTHER FOR AN ESTIMATED $1,250 PER MONTH!
LOOK AT THESE FHA FINANCING NUMBERS!
Purchase Price: $189,950
FHA Down Payment (3.5%): $6,648
Base Mortgage Amount: $183,302
Interest Rate: 7.75% Fixed
Loan Term: 30 Years
Monthly Principal & Interest: $1,313
Estimated Total Monthly Payment: $1,850–$1,950, including property taxes, homeowners insurance and FHA mortgage insurance
Projected Rent From Second Apartment: $1,250/month
YOUR ESTIMATED NET HOUSING PAYMENT:
JUST $600–$700 PER MONTH!
THAT'S RIGHT! YOU COULD OWN A DUPLEX, LIVE IN ONE APARTMENT, AND HAVE YOUR TENANT HELP PAY YOUR MORTGAGE!
Instead of paying $1,200–$1,500 per month in rent, imagine owning your own home while building equity and collecting rental income!
TWO APARTMENTS — ONE SMART INVESTMENT!
Built in 1890, this historic duplex has a long history as a rental property. Both apartments have been previously renovated and feature electric baseboard heating and window A/C units.
The property has a traditional pier foundation and some uneven floors, potentially resulting from settlement over the years. Buyers should independently inspect and evaluate the foundation.
STOP RENTING AND START BUILDING WEALTH!
FIRST-TIME BUYERS, THIS COULD BE YOUR OPPORTUNITY TO GET INTO REAL ESTATE INVESTING!
Live in one unit, rent the other, and let your rental income help offset your monthly housing expenses.
ONLY $189,950 — DON'T WAIT! CALL TODAY TO SCHEDULE YOUR SHOWING!
Financing illustration only.
Location
State VA
County Petersburg
Community Pillow
Area 57 - Petersburg
Direction Take W Washington St towards Dinwiddie, then a Left on S Dunlop St., then a Right on to Farmer st. Home will be on your right.
Rooms
Basement Crawl Space
Interior
Appliance Electric Water Heater
Exterior
Fence None
Roof Type Shingle
Porch Front Porch
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Colonial, Two Story
Level or Stories Two
Structure Type Drywall,Frame,Vinyl Siding
Construction Status Actual
Schools
Elementary Schools Pleasants Lane
Middle Schools Vernon Johns
High Schools Petersburg
Others
Tax ID 023-410023
Ownership Individuals
