For Sale
$875,000

1700 Old Brook RdCharlottesville, VA 22901

Two-unit rental portfolio, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-unit multifamily property ideally situated at 1700 Old Brook Rd, Charlottesville, VA 22901, in Albemarle County. The property, built in 1967, comprises two single-family homes, suitable for both traditional rental and student housing, given its location. The combined square footage totals 3,298 across the two buildings, each situated on a spacious 7.96-acre lot. The property features a total of two units, offering a manageable investment portfolio. The asking price is $875,000. The property's APN is 493810918109. This is a rare opportunity to acquire a multifamily property in a desirable Charlottesville location with significant land area. The single-story buildings offer ease of maintenance and management. The property's multi-unit nature provides potential for strong rental income and appreciation. Given the proximity to educational institutions, this property is well-suited for student housing, offering a consistent stream of rental income. Investors seeking a stable and potentially high-yield investment should consider this attractive offering. The property's size and location make it a compelling investment opportunity in the thriving Charlottesville market.

Highlights

  • Exceptional investment opportunity: Two-unit multifamily property in desirable Charlottesville location.
  • Two single-family homes totaling 3,298 square feet on a 7.96-acre lot.
  • $875,000 asking price; APN 493810918109.
  • Suitable for traditional rentals or student housing near educational institutions.
  • Single-story buildings offer ease of maintenance and strong rental income potential.

Property Details for 1700 Old Brook Rd

Property type
Residential income homes, Dormitories
Square Feet
3,298 SF
Year Built
1967
Buildings
2
Stories
1
Lot Size (sq. ft)
346,738 SF
Units
2

Location Insight

City
Charlottesville
County
Albemarle
State
Virginia
Latitude
38.0829488
Longitude
-78.4612388
1700 Old Brook Rd, Charlottesville, Virginia

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1700 Old Brook Rd
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