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Beth Baldwin

bbaldwinrealtor@gmail.com +1(804) 337-6728

$ 89,900

Est. payment -/mo

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Pending

688 Pegram ST Petersburg, VA 23803

3 Beds

1 Bath

1,665 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 1,665 sqft

Price per Sqft $53

MLS Listing ID 2533837

Style Bungalow,Cottage

Bedrooms 3

Full Baths 1

Construction Status Actual

HOA Y/N No

Abv Grd Liv Area 1,665

Year Built 1920

Annual Tax Amount $748

Tax Year 2023

Lot Size 8,398 Sqft

Acres 0.1928

Property Sub-Type Single Family Residence

Property Description

Opportunity knocks for the savvy investor with this value-add property offering strong upside for both a flip or buy-and-hold strategy. This solidly built home features a flexible floorplan with plenty of square footage, allowing it to remain a true 4-bedroom, 1-bath layout or be thoughtfully reconfigured into a more modern and marketable 3-bedroom, 2 full-bath design. The existing footprint supports multiple renovation strategies, giving investors the freedom to optimize for resale or long-term rental performance. The exterior offers classic curb appeal with a covered front porch and a deep lot, while the rear includes a screened porch area that could be restored or repurposed into a desirable outdoor living feature. Inside, the home retains original finishes throughout, including wood paneling, dated flooring, and vintage fixtures, providing a clean slate for cosmetic or full-scale renovation. Living areas are generously sized with good natural light, making it easy to modernize while maintaining functional flow. The kitchen remains in original condition, ideal for a full redesign to maximize efficiency and value. Bedrooms are well-proportioned, and the existing bathroom presents an opportunity for a high-impact upgrade, especially if reworked into a two-bath configuration. From a systems standpoint, several major improvements are already in place, helping reduce upfront capital costs. The home features upgraded vinyl replacement windows (not new) and a heat pump system providing central air conditioning and heat. These updates allow you to focus renovation dollars where they matter most: layout, finishes, and overall presentation. Whether your strategy is a full renovation for resale or a strategic update for rental stabilization, this property offers the fundamentals investors look for, space, layout flexibility, and key mechanical upgrades. With the right vision and execution, this home has the potential to become a strong-performing asset and a profitable addition to your portfolio.

Location

State VA

County Petersburg

Area 57 - Petersburg

Interior

Heating Electric, Heat Pump

Cooling Central Air

Flooring Wood

Exterior

Pool None

Roof Type Shingle

Garage No

Building

Story 1

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Cottage

Level or Stories One

Structure Type Aluminum Siding,Frame

New Construction No

Construction Status Actual

Schools

Elementary Schools Cool Spring

Middle Schools Vernon Johns

High Schools Petersburg

Others

Tax ID 030-090023

Ownership Corporate

Special Listing Condition Corporate Listing

Listed by The Hogan Group Real Estate

Beth Baldwin

Associate Broker, REALTOR® | License ID: 0225076137

+1(804) 337-6728

Beth Baldwin

688 Pegram ST Petersburg, VA 23803

Key Details

Location

Interior

Exterior

Building

Schools

Others

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688 Pegram ST

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