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Property profile & analytics
OFF-MARKET
Multifamily properties

6308 Jefferson Mill Rd Scottsville, VA 24590

289.4 ac lot Built 2014
Property ID
US87-1984271
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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