1700 Old Brook Rd Charlottesville, VA 22901
- Residential income homes
- 3,298 SF
- 7.96 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 1700 Old Brook Rd
- Year built
- 1967
- Lot size
- 7.96 lot acres
- Property size
- 3,298 SF
- Property type
- Residential income homes
- Property subtype
- Dormitories
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Charlottesville
- County
- Albemarle
- State
- Virginia
- Longitude
- -78.4612
- Latitude
- 38.083
