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$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

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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