1704 Old Brook Rd - Residential Income FOR SALE


Charlottesville, VA 22901
$780,000 USD
434-465-0846
1704 Old Brook Rd, Charlottesville, VA for Sale
$780,000 USD
Residential Income - FOR SALE
1/54
null | Request Cap Rate

1704 Old Brook Rd
Charlottesville, VA 22901


HIGHLIGHTS

  • Investment Property
  • Huge 7.98 Acre Lot
  • Centrally Located in Albemarle County Urban District
  • Zoned R-2 Residential
  • No HOA
  • Close to Shopping and Schools

OVERVIEW

1700-1704 Old Brook Road, a unique investment opportunity nestled in the heart of Albemarle County's Urban Area. This expansive property has two residences - a stately brick home in need of complete renovation and a separate cottage, which could be used for an accessory building or rental, but also needs a complete renovation. These two homes are situated on an impressive 7.9-acre lot. This property presents potential for the discerning Investor. and great for the contractor client or investor to rehab and rent these two homes. The Owners have gone through the initial application process with Albemarle County and have determined that this parcel can be developed into 5 lots, (one for the existing home), this would require the cottage be razed. But it would require a subdivision process now, OR we can split the property into 2 lots as a Planning Department process without triggering the Subdivision compliance, and guidelines for other engineering work , roads, etc.

FOR SALE DETAILS

PRICE

$780,000 USD

PRICE/SF

$237 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1700 & 1704 Old Brook Road

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

7.98 AC

LAND SF

347,609 SF

ZONING

R-2

APN/PARCEL ID

06100-00-00-125A0

ASK ABOUT THIS PROPERTY

Tim CarsonReal Estate IIIMore Info
434-465-0846

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Tim CarsonReal Estate IIIMore Info
434-465-0846

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.