This is an exceptional investment property with a potential cap rate on investment of 7%. When end of year gains are taken into consideration, the overall return on investment can be 30%. The building is a renovated triplex with two, 3 bedroom units, and 1 two bedroom unit. It is within a short walking distance to UVA's hospital and campus. It is fully rented and is scheduled to generate rents of $3,200 per month by 3/19, and All utilities are paid for by renters. The lot size is 13,678 feet and it has plenty of off-street parking for all units. The property is located in a rapidly growing area where turnover value of properties, and increases in rents are rising at rates higher than most of Charlottesville.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
