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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