Active

924 RAINIER RD

CHARLOTTESVILLE VA, 22903

$2,950,000


$1,354.45 per sqft

Active

4 Beds

3 Baths

0.05 Acres

Land

Built in 2008

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.

654060

MLSⓇ ID

June 16, 2024

Listed

September 6, 2024

Updated

Map

924 RAINIER RD
CHARLOTTESVILLE VA, 22903

Exterior/Building Features

Lot Size

0.05 Acres


Exterior Features

Brick, Cement siding


Lot Features

Landscaped


Sewer

Public Sewer

School Information

School District

Charlottesville


High School

Charlottesville


Elementary School

Johnson (Charlottesville)

Other Property Details

Area Name

Charlottesville


Taxes

$4,016


Tax Frequency

Annually


Days on Market

82


Association Fee

$708


Association Amenities

Picnic Area, Area Maint


Garage

Yes


Garage Spaces

2


View

Yes


View Description

Residential View


County

Charlottesville


Municipality

3 Story


Water Source

Public Water


Pool

No


Zoning

R Residential

Green Building Features

Green Features

Cement siding

Listing History

Date

Event

Price

7/5/2024

Price change

$2,950,000

-15%

Courtesy of DIANE LAMARCHE with BARRINGTON REALTY LLC
Listing Contact:  

Based on information from Charlottesville Area Association of REALTORS® as of 9/6/2024. 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. 

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