Hydraulic/Cedar Hill Road

Multi-Family for Sale
Catylist Listing ID: 30605353
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,634 SF
Gross Building Area: See Agent
Sale Price: $399,900
Unit Price: $199,950 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/19/2020

Overview / Comments

Rare offering of an income producing multi-family property in an exceptional location (directly across from the Stonefield Shopping Center: RegalTheatres, Trader Joe's & Costco) and with a strong redevelopment opportunity (flexible B-1 zoning). Units were fully renovated in 2020. Current zoning allows for up to6 residential units by-right (21 DUA) and many commercial uses are also permitted.

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Zoning: B-1
Percent Occupied: 100%
Property Located Between: Hydraulic Road and Cedar Hill
Highway Access: Immediate access to Route 29
Property Condition: Good
Number of Stories: 1
Year Built: 1963
Year Renovated: 2020
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Street
Laundry: In Each Unit
Zoning Description: B-1
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 1B BK B NORTHERLY

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,172 67,595 97,700
Median Age: 33.1 32.79 34.42
Households: 5,301 26,360 38,499

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