1122, 1124 PRESTON AVE, CHARLOTTESVILLE VA, 22903

Active

1122, 1124 PRESTON AVE

CHARLOTTESVILLE VA, 22903

$1,900,000

$114.78 per sqft

Active

19 Beds

16.5 Baths

0.38 Acres

Land

Built in 1935

This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 19 bedrooms and 16.5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville's most sought-after neighborhoods.

658570

MLSⓇ ID

November 7, 2024

Listed

November 22, 2024

Updated

Map

1122, 1124 PRESTON AVE
CHARLOTTESVILLE VA, 22903

Exterior/Building Features

Lot Size: 0.38 Acres
Sewer: Public Sewer

School Information

School District: Charlottesville
High School: Charlottesville
Elementary School: Jackson-Via

Other Property Details

Area Name: Charlottesville
Taxes: $10,643
Tax Frequency: Annually
Garage: No
View: No
County: Charlottesville
Municipality: 2 Story
Water Source: Public Water
Pool: No
Zoning: R-3 Multifamily Residential

Courtesy of WILL NAFEI with AVENUE REALTY, LLC
Listing Contact:

Based on information from Charlottesville Area Association of REALTORS® as of 11/22/2024. 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.