Property profile

6308 Jefferson Mill Rd Scottsville, VA 24590

OFF-MARKET
Multifamily properties
Property ID
US87-1984271
289.4 ac lot Built 2014
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 289.4-acre property in Scottsville, VA, presents a unique investment opportunity. The assemblage includes nine existing single-family homes, each boasting 2,100 to 3,000 square feet, 4-5 bedrooms, 2.5-3.5 baths, a 2-car garage, a 20x12 deck, and an 1,100-square-foot unfinished walk-out basement roughed-in for additional living space. These colonial-style homes feature hardi-plank siding and are situated within the exclusive 5,000-acre Mount Ida Reserve, minutes from Trump Winery and Albemarle Estate. Beyond the existing homes, five finished lots are ready for development, and an additional eleven lots are permitted by-right, creating a total potential of 25 homes. Existing infrastructure, including underground electric and fiber, is already in place. The property offers significant income potential, with historical annual long-term rental income of $228,000 and recent short-term rental income of $288,000, including weekend stays generating $3,000 each. This versatile property, with its convenient location near Charlottesville and proximity to Mount Ida Reserve (over 50,000 annual guests), is ideal for both residential and investment purposes, offering a blend of tranquility and convenience in Virginia wine country.

Property profile

Verified
Property type Multifamily properties
Year built 2014
Lot 289.4 ac (12,606,264 SF)
UPID US87-1984271

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6308 Jefferson Mill Rd Scottsville, VA 24590
Scottsville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6308 Jefferson Mill Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message