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Price Reduction - Seller Financing
Address
506,508,510,512 Ridge St Charlottesville, VA
Price
$ 2,600,000
Property Attributes
  • MLS#577706
  • TypeMulti-Family
  • CountyCHARLOTTESVILLE
  • CityCharlottesville
  • AreaCharlottesville
  • Zip22902
  • Style4+ Apts
  • Year Built1867
  • Taxes12000
  • Price$ 2,600,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage9197
  • Lot Size1.65 Acres
Listing Provided Courtesy Of:
REAL ESTATE III - NORTH
Property Description

Fantastic Development /Investment Potential with 4 properties that have extra land attached for the future possible construction of new apartments or townhomes. Current 4 properties consist of two duplexes, two triplexes (10 rental units). Great monthly income. Buy now, collect the income while you develop / build the new units. Possible to restore the two older homes and sell them. Shown by appointment only. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. With a 50% Down-payment, Owner Financing Available!

Elementary School Middle School High School
Clark Elementary School Walker & Buford Middle School Charlottesville High School
Price History
6/9/2018 Listed $2,725,000
12/6/2019 5% - $2,600,000

General Features

Access Bus on City Route, Public Road
Class MULTI-FAMILY
Green Features No
HOA No
High School Charlottesville
Legal Description TMP 290277000, TMP 290276000, TMP 290275000, TMP 290274000
Listing Area Charlottesville
Middle School Walker & Buford
New Construction No
Over 55 Community No
Price Per Sq Ft 282.7
Status Active
Status Active
Subdivision NONE
Tax Year 2018
Taxes 12000
Type 4+ Apts
Virtual Tour http://www.reveeo.com/tour/18400/video/unbranded/506_508_510_512_ridge_street_charlottesville_22901_va.html
Year Built 1867
Zoning R-2 Two Family Residential

Interior Features

Air Conditioning Heat Pump
Heating Forced Air, Heat Pump
Total Finished Sq. Ft. 9197
Total Number of Units 10
Unit 1: # Baths 1
Unit 1: # Beds 3
Unit 1: # Sqft 900
Unit 1: # Units 3
Unit 1: Type 3 Bed Apt

Exterior Features

Foundation Concrete Block
Lot Size Area 1.65
Sewer/Septic Public Sewer
Water Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 22902

Price
AVG $1.6M
$2.6M
Taxes
AVG $8,952
$12,000
Visits
AVG 52
76
Year Built
AVG 1919
1867
Walkscore
AVG 75
88
Data Provided by Walkscore ® not using MLS data

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