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$2,002,000 - 4Br/3Ba - for Sale in Cherry Hill, Charlottesville
Price: $2,002,000
Beds: 4
Baths: 3
Living Area SqFt: 2,536
Status: Active
Property Type: Attached
Lot Size Acres: 0.05
Lot Size SqFt: 2,178
Year Built: 2008
Neighborhood: Cherry Hill
Days on Website: 95

Courtesy of BARRINGTON REALTY LLC

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Property Description

4 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.

Open House

Property Details and Features

  • Appliances & Equipment
  • Dryer
  • Washer
  • Basement
  • No
  • Bathrooms
  • 3 full bathrooms
  • Attach Primary Bath
  • Separate Vanities
  • 3 bathrooms
  • Bedrooms
  • 4 bedrooms
  • Building
  • 3 Story
  • 2,536 finished square feet
  • 2,936 total square feet
  • 400 unfinished square feet
  • Built in 2008
  • Interior Unit
  • 9′ Ceilings
  • Vaulted/Cathedral Ceiling
  • Transom
  • Cooling
  • Central AC
  • Heat Pump
  • Exterior Features
  • Green Exterior Features: Cement siding
  • Brick
  • Foundation
  • Concrete Slab
  • Garage
  • 2-car garage
  • Heating
  • Natural Gas
  • Home Owner’s Association
  • Fee: $708
  • Interior Features
  • 9′ Ceilings
  • Vaulted/Cathedral Ceiling
  • Transom
  • Kitchen
  • Granite
  • Listing
  • 95 days on the market
  • Location
  • 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
  • Subdivision: Cherry Hill
  • City: Charlottesville
  • Lot
  • 0.05 acres
  • Yard Features: Fenced,Landscaped,Mature,Nearly Level
  • Garage
  • Landscaped
  • Possession
  • Settlement
  • Property
  • Residential View
  • Schools
  • Elementary school: Johnson (Charlottesville)
  • Middle school: Walker & Buford
  • High school: Charlottesville
  • Security Features
  • Deadbolts
  • Smoke Detector(s)
  • Taxes
  • Annual taxes: $4,016
  • Year: 2024
  • Utilities
  • Gas: Natural Gas
  • Water: Public Water

Property Map

$2,002,000 – 924 Rainier Rd, Charlottesville, VA 22903

Street View

Nearby Schools

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