Residential - Detached
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716 S 1st St
Charlottesville, VA 22902
$725,000
- 4 Beds
- 2.5 Baths
- 1848 sqft/ 0.18 acres
Don’t miss this exceptional investment opportunity just 3 blocks from the vibrant Charlottesville Downtown Mall. This over/under duplex was extensively renovated in 2019 and offers modern amenities, reliable rental income, and development potential. Property Features: New HVAC, electrical, plumbing, bathrooms, kitchen appliances, cabinets (Unit A), lighting, flooring, windows, doors, Trex decking, roof, and stackable washer/dryer units. Unit A: 1,028 sq ft, 2BR, 1.5 BA, and access to a 325 sq ft unfinished basement. Unit B: 812 sq ft with 2 BR, 1 full BA Both units feature private front and rear decks, in-unit laundry, and updated finishes throughout. Parking: Off-street parking in the rear for up to 4 vehicles, plus ample on-street parking. Location: Walkable to restaurants, shops, and public transportation. Adjacent to the expansive IX property. Income Potential: Unit A: Currently rented at $1,975/month. Unit B: Currently rented at $1,980/month. Development Opportunity: Located next to a vacant lot and benefiting from newly approved NX-8 zoning, this property holds significant potential for or future development or expansion, especially given its proximity to the growing IX Art Park district.
Want to know more about this listing?
ContactKey Details
- MLS ID 666419
- Year Built 1925
- Style Colonial
- Type Residential - Detached
- Area 1848 sqft
- Acres 0.18
- Bedrooms 4
- Bathrooms 2.5
- Full Baths 2
- Half Baths 1
- Stories 2
Additional Information
- Roof Composition Shingle
- Cooling Heat Pump
- Heating Heat Pump
- Construction Stucco
- Water None
- View Residential View
Schools
- Elementary School Trailblazer
- Middle School Walker & Buford
- High School Charlottesville
Listed By: ASSIST2SELL - FIRST RATE REALTY, INC.
