$3,450,000
- Beds
- 4
- Baths
- 3.0
- sq ft
- 2,536
924 Rainier Rd, Charlottesville, VA 22903
924 Rainier Rd
CHARLOTTESVILLE, VA 22903
- 17 days on market
7 Cherry Hill homes offered individually or as an investment package. Leased through Summer 2025. Super popular with UVA Medical and JAG. Near UVA Hospital, Campus and Downtown pedestrian mall. Luxury 3-level, 3-4 BR homes with 2 car detached garages and fenced rear courtyards! Two floor plans offered. Slight variations per home. Owner/Broker Licensed in Va. Recent zoning changes may allow for add'l income opportunities-verify. Strong rental history with steady stream of very qualified renters from UVA Hospital/JAG. Solid appreciation and annual rent increases. Homes often rent site unseen, within days of listing. Often, multi-year leases, from 2- 8 years. Super Location w subdivision green spaces, picnic tables, and walking trails. Nearby Smith Aquatic and Fitness Center, Ix Park, as well as 5th Street Shopping Ctr-Wegmans, Dicks, Panera, Alamo Drafthouse... Adjacent to Johnson Elementary. Easy I-64 access. Net ROI 9% (Income-Expenses, with depreciation). Add Historical appreciation 7.89% for a tremendous 16.89% return Each property owned by a different entity. Homes are occupied by tenants through Summer 2025. Lease extensions likely on some homes. Tenants pay HOA, covers landscaping/snow removal.,Granite Counter
Details
Property type
Townhouse
Lot size
2,178 sq ft
Price per sq ft
$1,361
Year built
2008
Annual property taxes
$4,016
Monthly HOA fee
$59
Price History
06/16/2024
Bright #654060
Listed
$3,450,000
+885.71%
10/24/2019
![CharlottesvilleVA](/_next/static/media/charlottesvilleVALogo.c2b879b7.png)
CharlottesvilleVA #595610
Sold
$350,000
Schools & Community
Neighborhood:
Johnson Village
Elementary school:
JOHNSON
Middle school:
WALKER & BUFORD
High school:
CHARLOTTESVILLE
School district:
CHARLOTTESVILLE CITY PUBLIC SCHOOLS
Status: Active
Tomo last checked: 07/03/2024 at 10:15 AM
Listing updated: 06/27/2024 at 3:24 AM
Listed by: DIANE LAMARCHE, BARRINGTON REALTY LLC Phone #: (434) 270-2241
MLS: Bright #654060
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