506,508,510,512 Ridge St

Charlottesville, VA
$ 2,600,000 Beds 3 Baths 1 Sq 9,197 Virtual Tour
Monthly Estimate* How much can I afford?

Fantastic Development /Investment Potential with 4 properties that have extra land attached for the future possible construction of new apartments or townhomes. Current 4 properties consist of two duplexes, two triplexes (10 rental units). Great monthly income. Buy now, collect the income while you develop / build the new units. Possible to restore the two older homes and sell them. Shown by appointment only. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. With a 50% Down-payment, Owner Financing Available!

Pending

  • Price
  • $ 2,600,000
  • Lot Size
  • 1.65 Acres
  • Bedrooms
  • 3
  • Sqr Footage
  • 9,197
  • Full Bathrooms
  • 1
  • Year Built
  • 1867
  • Half Bathrooms
  • 0
  • City, Zip
  • Charlottesville
  • Taxes
  • 12000
  • County
  • CHARLOTTESVILLE
  • Style
  • 4+ Apts
  • Area
  • Charlottesville
  • MLS#
  • 577706
  • Zip
  • 22902
Listing Provided by: REAL ESTATE III - NORTH

Features

General

Access Bus on City Route, Public Road
Class MULTI-FAMILY
Green Features No
HOA No
Heating Forced Air, Heat Pump
High School Charlottesville
Legal Description TMP 290277000, TMP 290276000, TMP 290275000, TMP 290274000
Listing Area Charlottesville
Middle School Walker & Buford
New Construction No
Over 55 Community No
Price Per Sq Ft 282.7
Status Pending
Status Pending
Subdivision NONE
Tax Year 2018
Taxes 12000
Type 4+ Apts
Virtual Tour http://www.reveeo.com/tour/18400/video/unbranded/506_508_510_512_ridge_street_charlottesville_22901_va.html
Water Public Water
Year Built 1867
Zoning R-2 Two Family Residential

Interior Features

Air Conditioning Heat Pump
Total Finished Sq. Ft. 9197
Total Number of Units 10
Unit 1: # Baths 1
Unit 1: # Beds 3
Unit 1: # Sqft 900
Unit 1: # Units 3
Unit 1: Type 3 Bed Apt

Exterior Features

Foundation Concrete Block
Lot Size Area 1.65
Sewer/Septic Public Sewer

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Harrisonburg, Virginia office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Clark Elementary School
Middle School Walker & Buford Middle School
High School Charlottesville High School

Price History

9/15/2020 Listed $2,600,000

Property vs Zip Code Average in 22902

Price
AVG $480K
$2.6M
Taxes
AVG $3,657
$12,000
Visits
AVG 21
4
Year Built
AVG 1996
1867

Map

Areas That We Cover

506,508,510,512 Ridge St Charlottesville, VA is a Single Family Home for sale at $2600000 with 9197 sqft and a lot size of 1.65 Acres Acre(s). 506,508,510,512 Ridge St Charlottesville has 3 bedrooms, 1 baths and was built in 1867. The property's zip code is 22902 which is in Charlottesville, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.