1001 AVON ST Unit: A, B, C, Garage, CHARLOTTESVILLE VA, 22902

Pending

1001 AVON ST Unit: A, B, C, Garage

CHARLOTTESVILLE VA, 22902

$775,000

$440.34 per sqft

Pending

4 Beds

3 Baths

1,760 sqft

Multi-family

Built in 1925

Rare Investment Opportunity with multiple upsides! Belmont location with Downtown Mall walkability. Gross rent $48,900/year from 3 apartments, not including the potential garage rental income. Seller's NOI 40k/yr. Options include: rent and hold, rent and live in one apartment, rent and build up to 8 units per R-C Zoning, subdivide into 2 lots. New roof 2020, New gutters 2018, Sewer line inspected and cleaned 2018, New Mini-splits 2018 and surge protectors 2024 throughout, refreshed hallways (2020) Unit A: Fully renovated kitchen, bathroom, and appliances (2020); new fridge (2024); new dryer (2024); new outdoor mini split compressor (2024); Unit B: New sink, vanity, and water heater (2020); new range (2022); Unit C: New range (2021); new fridge (2023); bathroom renovation (new vinyl, vanity, sink, and hardware) (2023); all new paint (2023); removal of kitchen electric wall heater (2024). This corner lot has off-street parking for 2 or more cars, plus ample parking on Montrose. City alley access as well. Nearly zero vacancy. Rents easily!

660594

MLSⓇ ID

February 5, 2025

Listed

February 20, 2025

Updated

Interior Features

Bedrooms: 4
Total Bathrooms: 3
Laundry Description: Dryer, Washer
Floor Description: Hardwood
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Heat Pump, Split Unit

Exterior/Building Features

Lot Size: 0.14 Acres
Sewer: Public Sewer

School Information

School District: 1 Bed Apt
High School: Charlottesville
Elementary School: Summit

Other Property Details

Area Name: Charlottesville
Taxes: $4,537
Tax Frequency: Annually
Days on Market: 14
Garage: No
View: No
County: Charlottesville
Water Source: Public Water
Pool: No
Zoning: Residential Corridor

Listing History

Date	Event	Price
2/20/2025	Pending	—

Courtesy of KELLY C. LINDAUER with NEST REALTY GROUP
Listing Contact: 434-249-1063

Based on information from Charlottesville Area Association of REALTORS® as of 2/20/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.