Catylist Listing ID: 30646676
Property Subtypes: Multi-Family
Gross Land Area: 32.52 Acres
Sale Price: $2,970,000
Unit Price: $91,328 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/23/2020

Overview / Comments

Site approved by Albemarle County for 100 rental units. Can only be a rental community.
Currently has 14 rented cottages for immediate cash flow.
This is a great location next to NGIC, North Pointe and across the road from UVA Research Park.

Financials

Finance Data Year 2020
Assessed Value - Total($) $1,979,700 (Annual)
Real Estate Taxes - Annual($) $16,966 (Annual)

Additional Details

Nearest MSA: Charlottesville
County: Albemarle
Taxing Authority: Albemarle County
Tax ID/APN: 03200-00-00-005A0 & 03200-00-00-005A1
Zoning: PLANNED RESIDENTIAL DEVELOPMENT
Property Located Between: UVA Research Park and NGIC
Property Visibility: Good
Legal Description: Tax map #s 32-5A and 32-5A1
Largest Nearby Street: Route 29 N
Highway Access: Route 29 N
Airports: Charlottesville
Site Description: Rolling
Zoning Description: Planned Residential Development
Development Name: River's Edge
Topography: Rolling
Soil Type: Mixed
Available Utilities: Electric

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,644 28,300
Median Age: 41.46 41.24
Households: 3,949 10,589

Contact

Photograph of Listing Agent

William L. Howard, CCIM

R.E. III COMMERCIAL PROPERTIES CVCMLS Member
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