Residential - Attached
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924 Rainier Rd
Charlottesville, VA 22903
$2,950,000
- 4 Beds
- 3 Baths
- 2536 sqft/ 0.05 acres
6 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.
Want to know more about this listing?
ContactKey Details
- MLS ID 654060
- Year Built 2008
- Type Residential - Attached
- Area 2536 sqft
- Acres 0.05
- Bedrooms 4
- Bathrooms 3
- Full Baths 3
- Stories 3
Additional Information
- Cooling Central AC,Heat Pump
- Heating Natural Gas
- Construction Brick
- Garage Yes
- View Residential View
Schools
- Elementary School Johnson (Charlottesville)
- Middle School Walker & Buford
- High School Charlottesville
Listed By: BARRINGTON REALTY LLC
