1124 PRESTON AVE Active Save Request In-Person Tour Request Virtual Tour
Charlottesville,VA 22903
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 5,041 sqft
Price per Sqft $104
MLS Listing ID 663809
Bedrooms 8
Full Baths 5
Half Baths 1
Year Built 1935
Annual Tax Amount $4,841
Tax Year 2024
Lot Size 0.380 Acres
Property Sub-Type Detached
Property Description
This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 8 bedrooms and 5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville's most sought-after neighborhoods. 1122 Preston Ave is for sale as well, and both properties can be purchased together in a combo deal.
Location
State VA
County Charlottesville
Zoning R-2 (Two-Family) Residential
Interior
Heating Central,Forced Air
Cooling Central Air,Heat Pump
Exterior
Utilities Available Cable Available,Fiber Optic Available,Satellite Internet Available
Building
Foundation Block
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Jackson-Via
Middle Schools Walker & Buford
High Schools Charlottesville