217 5th St Sw Unit A, B1, B2, B3, C, D, Charlottesville, VA 22903

$639,000
4
BD
2
BA
7,573
SqFt
List Price
$639,000
Status
ACTIVE
MLS#
602842
Bedrooms
4
Bathrooms
2
Living Area
7,573
Lot Size
16,988
Year Built
1950
Region
Charlottesville

Property Description

Fantastic chance to own an Historical property and convert to AirBnB at 217 5th St SW with a total of 6 units. Build your own parking garage! Or use current zoning for an owner to occupy 1 unit and rent out other 5 units (grosses about $63,300 annual income). Most systems in units, and roofs, are less than 10 years old. City has been talking with owner to change zoning to higher density, so may be an opportunity to add more units or take down the rear current buildings and build new condo complex similar to neighboring property at 215 5th St SW. Verify info with City before counting on your business plans to work. One of the buildings (the 2 story one in front) is in historical registry - what a great opportunity to own a piece of history!

Additional Information

Stories
2 Story
Heating
Central Heat, Heat Pump
Garage
Yes
Roof
Composition Shingle
Water
Public Water
Sewer
Public Sewer
Elementary School
Clark
Middle School
Walker & Buford
High School
Charlottesville

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Keller Williams Alliance - Charlottesville.