Fantastic Development/Investment Potential, currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. . Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. Owner will cooperate with zoning change to obtain higher density for construction of new units. With a 50% Down-payment, Owner Financing Available! Owner may be willing to participate in a rezoning to achieve the highest density possible.
- Price:
- $1,250,000
- Acreage:
- 1.00
- Year Built:
- 1957
- Listing ID #:
- 582158
- Street Address:
- 512 Ridge St
- City:
- Charlottesville
- State:
- Virginia
- Postal Code:
- 22902
- Community:
- Charlottesville
- Subdivision:
- None
- Listing Status:
- Active
- Listing Type:
- Duplex Over/Under
PRESCHOOL-4
306 students
13 student/teacher
9-12
1197 students
15 student/teacher
- Basement Description:
- Heated, Partly Finished, Walk Out, Windows
- Complex/Building Access:
- Public Road
- Foundation:
- Concrete Block
- Number Of Units:
- 2
- Type Of Roof:
- Composition Shingle
- Year Built:
- 1957
- Conforms To Zoning:
- R-2 Two Family Residential
- Total Available Acres:
- 1
- Days On Market:
- 1367
- Monthly Rent:
- 1565
- Price Per Square Foot:
- 827.27
- Property Taxes:
- $7,000
- Tax Year:
- 2018
- Cooling System:
- Heat Pump
- Existing Water:
- Public Water
- Heating:
- Forced Air, Heat Pump, Natural Gas
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Real Estate III - North
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