1227 Montgomery Avenue

Petersburg, VA 23803

OFFORDABILITY + POSSIBILITY. 1227 Montgomery Ave offers an affordable 3- bedroom opportunity for first time buyers, starter home, rental property, or downsizing. This home also offers 980 square feet, with deep lot, and a manageable sized lawn. Also has back patio, and possibly storage shed foundation. You can park on the road or pull off with a single car parking space. Partially fenced in back yard. 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.

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Last checked 2026-09-22 01:09 PM UTC.