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6308 Jefferson Mill Rd Scottsville, VA 24590

Sponsored
For Sale
$7,600,000

VA Single-Family Home Community

Description

Added:
Dec 11, 2024
Days on Market:
393
Exceptional investment opportunity in Scottsville, VA, featuring a 289.4-acre community of nine single-family homes and fifteen buildable lots (five finished, eleven permitted by-right). Built in 2014, this meticulously planned development boasts nine similar homes, each offering 2,100-3,000 square feet of living space, 4-5 bedrooms, 2.5-3.5 bathrooms, a two-car attached garage, a 20x12 deck, and an 1,100 square foot unfinished walk-out basement. Homes feature hardi-plank siding. The property is conveniently located minutes from both the Mount Ida Reserve Tasting Room & Tap House and downtown Charlottesville. Existing infrastructure includes underground electric and fiber. This property presents a unique opportunity for both long-term and short-term rental income generation. Historical data indicates annual income of $228,000 from long-term rentals and $288,000 from short-term rentals, with weekend stays averaging $3,000. The potential for additional development significantly enhances the investment's upside. The asking price is $7,600,000. This is a rare opportunity to acquire a thriving rental community with significant expansion potential within a desirable location.

Property Features for 6308 Jefferson Mill Rd

General Information

Property type
Multifamily properties
Lot Size
12,606,264 SF

Building Details

Year Built
2014
Buildings
9

HighLights

  • Exceptional 289.4‑acre investment opportunity in Scottsville, VA.
  • Nine existing single‑family homes (2,100‑3,000 sq ft), each with 4‑5 bedrooms, 2.5‑3.5 baths, and a 2‑car garage.
  • Fifteen buildable lots (five finished, eleven permitted).
  • Minutes from Mount Ida Reserve and downtown Charlottesville.
  • Existing infrastructure includes underground electric and fiber.
  • Strong rental history: $228,000 annually (long‑term), $288,000 annually (short‑term).
Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Realty agency

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Scottsville
County
Albemarle
State
Virginia
Longitude
-78.4586541
Latitude
37.8595214

FAQs

What type of property is this?
Multifamily property - VA Single-Family Home Community
Where is this multifamily property located?
The property is located at 6308 Jefferson Mill Rd Scottsville, VA.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: Exceptional 289.4-acre investment opportunity in Scottsville, VA.; Nine existing single-family homes (2,100-3,000 sq ft), each with 4-5 bedrooms, 2.5-3.5 baths, and a 2-car garage.; Fifteen buildable lots (five finished, eleven permitted).
More about this property
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