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 $113
Subdivision Pillow
MLS Listing ID 2626969
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
927 Farmer St., Petersburg, VA 23803 – $199,950
FIRST-TIME HOMEBUYERS – WHY RENT WHEN YOU CAN OWN A DUPLEX AND HAVE YOUR TENANT HELP PAY YOUR MORTGAGE?
Here is your opportunity to become a homeowner AND a landlord! This previously renovated Petersburg duplex features two 2-bedroom, 1-bath apartments, both vacant and ready for occupancy.
LIVE IN ONE UNIT AND RENT THE OTHER FOR AN ESTIMATED $1,200 PER MONTH!
LOOK AT THESE ESTIMATED FHA FINANCING NUMBERS:
Purchase Price: $199,950
FHA Down Payment (3.5%): Only $6,998
Interest Rate: 7.75% Fixed for 30 Years
Estimated Monthly Mortgage Payment: $1,848, including estimated taxes, homeowners insurance, and FHA mortgage insurance
Rental Income From Second Apartment: $1,200 Monthly
YOUR ESTIMATED NET HOUSING PAYMENT: JUST $648 PER MONTH!
THAT'S RIGHT! YOU COULD OWN YOUR OWN HOME FOR AN ESTIMATED $648 PER MONTH AFTER RENTAL INCOME!
This historic duplex was built in 1890 and has a long history as a rental property. Both apartments have been previously renovated and offer electric baseboard heating and window A/C units. Constructed on a traditional pier foundation, the home has some uneven floors, potentially resulting from settlement over the years. Buyers should independently inspect and evaluate the foundation.
STOP PAYING RENT AND START BUILDING EQUITY!
Why continue paying a landlord when you could own TWO apartments, live in one, collect rent from the other, and build long-term wealth through real estate?
ONLY $199,950 – LET'S GET YOU INTO YOUR OWN HOME!
Financing illustration only. Assumes qualified FHA owner-occupant financing with 3.5% down, a 7.75% fixed interest rate, and a 30-year term. Payment includes estimated taxes, insurance, and FHA mortgage insurance. Rental income is projected, not guaranteed. Actual loan terms, closing costs, expenses, property eligibility, and payments will vary. FHA appraisal and property-condition requirements apply.
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
Nearby Schools & Properties