Ridge Street Investment

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30333509
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 5,071 SF
Gross Land Area: 0.57 Acres
Sale Price: $1,350,000
Unit Price: $168,750 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Usable Size (USF): 5,071 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/2/2020

Overview / Comments

Fantastic Investment opportunity with 3 income producing properties. Current 3 properties consist of two triplexes & one duplex (8 rental units ). Great monthly income. Shown by appointment only. Income information available. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. BACK ON THE MARKET CONTRACT FELL THROUGH< GOOD NOI on these. With a 50% Down-payment, Owner Financing Available!

512 Ridge Street plus an Acre of Land next door can be purchased for $1,500,000. See MLS #30330945, or

Buy it all for $2,750,000, See MLS #30287194

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Tax ID/APN: 8608.000000000000000
Percent Occupied: 100%
Property Located Between: Elliot Ave & Oak St
Highway Access: 2 miles to Interstate 64
Airports: 10 Miles to CHO Airport
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 2
Year Built: 1957

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,154 69,741 88,263
Median Age: 29.58 31.31 33.52
Households: 9,766 27,218 35,026


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