Pending

1001 AVON ST

CHARLOTTESVILLE VA, 22902

$775,000


$440.34 per sqft

Pending

4 Beds

3 Baths

1,760 sqft

Residential

Built in 1925

Unique Triplex w/detached garage in Belmont. Located on the corner of Avon and Montrose, this property abounds w/ residential and investment opportunity. Excellent candidate to live in one apartment while renting out 2 others, and the garage. Gross rent $48,900/yr from 3 apartments, not including the potential garage rental income. NOI 4Ok/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. OR convert back to the original house and bringing to life the beautiful wood floors, front porch, charming stairwell. The yard is partially fenced with ample room for a variety of uses /structures. New roof 2020, New gutters 2018, Sewer line inspected and cleaned 2018, New Mini-splits 2018. 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); corner lot has off-street parking for 2 or more cars, plus ample parking on Montrose. Nearly zero vacancy. Rents easily!

660600

MLS ID

February 5, 2025

Listed

February 20, 2025

Updated

Interior Features

Total Stories

2


Bedrooms

4


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Full Bath


Fireplace

No


Cooling

Yes


Cooling Description

Mini Split


Heating

Yes


Heating Description

Heat Pump

Exterior/Building Features

Lot Size

0.14 Acres


Sewer

Public Sewer

School Information

School District

Charlottesville


High School

Charlottesville


Elementary School

Summit

Other Property Details

Area Name

Charlottesville


Taxes

$4,537


Tax Frequency

Annually


Days on Market

14


Garage

Yes


Garage Spaces

1


View

No


County

Charlottesville


Municipality

2 Story


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:  

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