Description
Take advantage of this rare opportunity to own a 7-bedroom split-level multi-family property! The house is situated on a spacious R3 medium-density zoned lot and is located off of Reservoir Street, being only minutes from James Madison University. This property currently generates $4,100 per month in rental income, with tenants covering all utilities and minor repairs. Current lease runs through April 1, 2025. Interior features include; 2,484 square feet of finished living space with 7 bedrooms, and 3 full baths (one bedroom and large bonus room in finished basement). The lower level includes an additional 1,172 square feet of unfinished space and a garage area"ideal for adding another kitchen and creating a separate living unit to maximize rental income. Recent updates over the past 5 years include paint, blinds, and new kitchen flooring. Dont miss this opportunity to own a profitable rental property in a prime City location with a growing college Town!!
-
0BEDS
-
0.53ACRES
-
0BATHS
-
01/2 BATHS
-
2,484SQFT
-
$223$/SQFT
School Information
Description
Take advantage of this rare opportunity to own a 7-bedroom split-level multi-family property! The house is situated on a spacious R3 medium-density zoned lot and is located off of Reservoir Street, being only minutes from James Madison University. This property currently generates $4,100 per month in rental income, with tenants covering all utilities and minor repairs. Current lease runs through April 1, 2025. Interior features include; 2,484 square feet of finished living space with 7 bedrooms, and 3 full baths (one bedroom and large bonus room in finished basement). The lower level includes an additional 1,172 square feet of unfinished space and a garage area"ideal for adding another kitchen and creating a separate living unit to maximize rental income. Recent updates over the past 5 years include paint, blinds, and new kitchen flooring. Dont miss this opportunity to own a profitable rental property in a prime City location with a growing college Town!!
Listing information © 2025 Charlottesville Area Association of Realtors Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IDX data is deemed reliable but is not guaranteed accurate by the MLS or Kline & Co Real Estate. Data last updated 2025-03-24T22:13:02.967.