1122, 1124 Preston Ave, Charlottesville VA 22903

$1,900,000
MLS #:658570

19beds
16baths
1half-baths
7,276sq ft
0.38acres

Neighborhood: None

Square Ft Finished: 7,276

Square Ft Unfinished: 813

Elementary School: Jackson-Via

Middle School: Walker & Buford

High School: Charlottesville

Property Type: residential

Subcategory: Attached

HOA: No

Area: Charlottesville

Year Built: 1935

Price per Sq. Ft: $261.13

1st Floor Master Bedroom: Yes

HOA fee: $0

Stories: 2 Story

Garage Num Cars: 0.0

Cooling: Central AC, Heat Pump

Air Conditioning: Central AC, Heat Pump

Heating: Baseboard, Forced Air, Heat Pump

Water: Public Water

Sewer: Public Sewer

Basement: No

Kickout: No

Annual Taxes: $10,643

Tax Year: 2024

Legal: Parcel A, Parcel B

Directions: From Preston, pass Washington Park, down hill, driveway will be on the right

This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 19 bedrooms and 16.5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville's most sought-after neighborhoods.

Days on Market: 43

Updated: 11/07/24

Courtesy of: Avenue Realty, Llc

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Directions:

From Preston, pass Washington Park, down hill, driveway will be on the right
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Listing Office: Avenue Realty, Llc