1700-1704 Old Brook Road, a unique investment opportunity nestled in the heart of Albemarle County's Urban Area. This expansive property has two residences - a stately brick home in need of complete renovation and a separate cottage, which could be used for an accessory building or rental, but also needs a complete renovation. These two homes are situated on an impressive 7.9-acre lot. This property presents potential for the discerning Investor. and great for the contractor client or investor to rehab and rent these two homes. The land itself appears to allow for the development of one or two lots in addition to the existing dwellings, subject to county guidelines.,Formica Counter,Wood Cabinets
This well-maintained duplex offers a rare investment opportunity just minutes from the University of Virginia, UVA Medical Center, Downtown Charlottesville, Dairy Market, and Fifth Street Station. Both units feature identical floorplans with 3 bedrooms, 2.5 baths, and in-unit washer/dryer. Off-street parking and proximity to schools and parks make this property even more attractive to tenants. Unit A - $2,000/month, Unit B ? 1,725/month. Landlord responsible for water/trash. Units individually metered for electric. Current cap rate 5.375 with upside to 6.1 if second unit moved to market at renewal. Don?t miss out on this solid investment opportunity close to UVA!
Courtesy: MCLEAN FAULCONER INC., REALTOR
434-295-1131
EXCELLENT UVA ORIENTED RENTAL PROPERTY$4,390 a month $52,680 gross annually. Tenants are releasing with a 4% increase until June 2026 !! Monthly will go to 4520 in June 25.Very solid, well constructed brick residence in UVA neighborhood which is currently an over/under duplex. With a total of 5 bedrooms and 3 full baths, plus garage dining room etc . Nice wood floors,2 fireplaces, off street parking, & private rear yard. It is a good investment property, or as a primary residence with or without a lower auxiliary rental unit. . Priced near City 2024 tax assessment. .Restricted showings and 2 or more day notice Opportunity is knocking here ! Managed by Bluesky property management so no owner stress.
$4,390 a month $52,680 gross annually.Very solid, well constructed brick residence in UVA neighborhood which is currently an over/under duplex. With a total of 5 bedrooms and 3 full baths, plus garage dining room etc . Nice wood floors,2 fireplaces, off street parking, & private rear yard. It is a good investment property, or as a primary residence with or without a lower auxiliary rental unit. Leased until June 25, 2025. Priced near City 2024 tax assessment. Excellent potential for a UVA or Medical Center employee wanting a University area home that can offer rental income to help with a mortgage. Tenants want to extend lease.Restricted showings and 2 or more day notice.
Zoned R-B. Can have up to 6 apartments if within requirements. Currently 2 apartments, office, warehouse space. Can be sold as package with 301 7th Street, SW. Adjacent lot can be sold additionally. Owners are licensed VA Real Estate Broker and licensed VA Real Estate Sales Person. Contact Meghan Hicks for more information.
Zoned R-B. Can have up to 6 apartments if within guidelines. Currently 2 apartments, office, warehouse. Can be sold as package with 702 Delevan. Adjacent lot can be sold additionally. Owners are licensed VA Real Estate Broker and licensed VA Real Estate Sales Person. Contact Meghan Hicks for more information.
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Charlottesville is located in Virginia. Charlottesville, Virginia has a population of 46,597. Charlottesville is less family-centric than the surrounding county with 29.21% of the households containing married families with children. The county average for households married with children is 29.21%.
The median household income in Charlottesville, Virginia is $63,470. The median household income for the surrounding county is $63,470 compared to the national median of $69,021. The median age of people living in Charlottesville is 32.5 years.
The average high temperature in July is 85.7 degrees, with an average low temperature in January of 25.8 degrees. The average rainfall is approximately 45.3 inches per year, with 14.5 inches of snow per year.
