PROPERTY SEARCH
924 Rainier Rd, Charlottesville VA 22903
- $2,950,000
- MLS #:654060
- 4beds
- 3baths
- 0half-baths
- 2,536sq ft
- 0.05acres
Neighborhood: Cherry Hill
Square Ft Finished: 2,536
Square Ft Unfinished: 400
Elementary School: Johnson (Charlottesville)
Middle School: Walker & Buford
High School: Charlottesville
Property Type: residential
Subcategory: Attached
HOA: HOA
Area: Charlottesville
Year Built: 2008
Price per Sq. Ft: $1163.25
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.
1st Floor Master Bedroom: No
HOA fee: $708
Stories: 3 Story
View: Residential View
Security: Deadbolts
Fence: Privacy Fence
Yard: Fenced, Landscaped, Mature, Nearly Level
Land Description: Landscaped
Windows/Ceiling: 9' Ceilings, Transom, Vaulted/Cathedral Ceiling
Garage Num Cars: 2.0
Cooling: Central AC, Heat Pump
Air Conditioning: Central AC, Heat Pump
Heating: Natural Gas
Gas: Natural Gas
Water: Public Water
Sewer: Public Sewer
Features: Dual Vanities, Walk-in Closet
Green Exterior: Cement siding
Basement: No
Appliances: Dishwasher, Disposal, Eat-in, Electric Range, Island, Microwave, Pantry, Recessed Light, Refrigerator
Kitchen Features: Granite
Amenities: Area Maint
Laundry: Dryer, Washer
Bath Features: Attach Primary Bath, Separate Vanities
Possession: Settlement
Kickout: No
Annual Taxes: $4,016
Tax Year: 2024
Legal: Zoned R-C per City records
Directions: From UVA Hospital, take Lee St to Rt on Roosevelt Brown Blvd to Rt on Cherry Ave. Left into Cherry Hill Subdivision on Rainier Rd. Left onto Bing Ln From JPA, left on Cleveland, left on Cherry. Rt into Cherry Hill on Rainier Rd. Home on the left
Days on Market: 83
Updated: 8/07/24
Courtesy of: Barrington Realty Llc
Price Reduced
Want more details?
Directions:
From UVA Hospital, take Lee St to Rt on Roosevelt Brown Blvd to Rt on Cherry Ave. Left into Cherry Hill Subdivision on Rainier Rd. Left onto Bing Ln From JPA, left on Cleveland, left on Cherry. Rt into Cherry Hill on Rainier Rd. Home on the left
View Map
View Map
Listing Office: Barrington Realty Llc