Two Rental Homes & over an Acre of Land near UVA on Shamrock Rd

Multi-Family for Sale
Catylist Listing ID: 30797942
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,397 SF
Gross Land Area: 1.03 Acres
Sale Price: $1,450,000
Unit Price: $362,500 Per Unit
Property Use Type: Investment
Usable Size (USF): 2,397 SF
Sale Terms: Cash to Seller
Last Updated: 1/13/2023

Overview / Comments

Don't miss these two city homes currently used as duplexes. Four units total, with over an acre of land, located in the City of Charlottesville near the University of Virginia. Located only a few minutes' walk to the UVA bus line and a 10-minute walk to the Football Stadium and UVA Grounds. Perfect opportunity to build more bedrooms and apartments. Current zoning suggests a possibility of 4-6 duplex units or change the zoning to R-3 for 22-44 units, subject to City approvals, guidelines, setbacks and criteria for this type of density. There are not many parcels of land over an acre available in the city currently! Homes must be sold together. Rental units are grossly under rented.

Attachments & Media

Additional Details

Nearest MSA: Charlottesville
County: Charlottesville City
Taxing Authority: Charlottesville
Tax ID/APN: 220072000 & 220074000
Zoning: R-2
Percent Occupied: 100%
Property Located Between: Jefferson Park Avenue and Cherry Avenue
Highway Access: City Streets
Airports: CHO - Charlottesville Albemarle Airpot
Site Description: Homes sit on the city street; lot falls away from street down to the stream.
Area Description: UVA Area and City location for owner/occupants and rentals including Students, Leaving JPA, heading away from Scott Stadium, cross the RR tracks and it is the first two homes on the right side.
Total Number of Buildings: 2
Property Condition: Poor
Number of Stories: 1
Year Built: 1935
Construction/Siding: Other
Exterior Description: Frame Construction, 205 Shamrock is a one story bungalow with basement apartment. 201 Shamrock is a one story charming 1930's home with walk in cellar and outside entrance to an Attic Apartment.
Parking Type: Surface
Parking Description: Off Street paved driveway
Total Parking Spaces: 6
Heat Type: Electricity, Natural Gas
Internet Access: DSL
Interior Description: 201 Shamrock is a charming older 1930's home with wood floors, large trim and needs a renovation but still rentable. 205 Sharmock is a concrete block bungalow with siding and is clean and neat but dated and needs renovation to modernize.
Zoning Description: R-2
Lot Frontage: see survey
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple Title
Legal Description: Lot A and Lot B of a plat dated May 13, 1993. City Tax Map 22.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 24,787 69,907 91,242
Median Age: 25.11 31.55 33.79
Households: 7,504 27,133 36,101


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