Price: $775,000
Beds: 4
Baths: 3
Living Area SqFt: 1,760
Status: Pending
Property Type: Detached
Lot Size Acres: 0.14
Lot Size SqFt: 6,098
Year Built: 1925
Neighborhood: Belmont
Days on Website: 35

Courtesy of NEST REALTY GROUP

Property Description

Unique Triplex w/detached garage in Belmont. Located on the corner of Avon and Montrose, this property abounds w/ residential and investment opportunity. Excellent candidate to live in one apartment while renting out 2 others, and the garage. Gross rent $48,900/yr from 3 apartments, not including the potential garage rental income. NOI 4Ok/yr! Options include: rent and hold, rent and live in one apartment, rent and build up to 8 units per R-C Zoning, subdivide into 2 lots. OR convert back to the original house and bringing to life the beautiful wood floors, front porch, charming stairwell. The yard is partially fenced with ample room for a variety of uses /structures. New roof 2020, New gutters 2018, Sewer line inspected and cleaned 2018, New Mini-splits 2018. Refreshed hallways (2020) Unit A: Fully renovated kitchen, bathroom, and appliances (2020); new fridge (2024); new dryer (2024); new outdoor mini split compressor (2024); Unit B: New sink, vanity, and water heater (2020); new range (2022); Unit C: New range (2021); new fridge (2023); bathroom renovation (new vinyl, vanity, sink, and hardware) (2023); corner lot has off-street parking for 2 or more cars, plus ample parking on Montrose. Nearly zero vacancy. Rents easily!

Open House

Property Details and Features

  • Basement
  • No
  • Bathrooms
  • 3 full bathrooms
  • 3 bathrooms
  • Bedrooms
  • 4 bedrooms
  • Building
  • 2 Story
  • 1,760 finished square feet
  • 2,105 total square feet
  • 345 unfinished square feet
  • Built in 1925
  • Cooling
  • Mini Split
  • Foundation
  • Pier
  • Garage
  • 1-car garage
  • Heating
  • Heat Pump
  • Listing
  • 14 days on the market
  • Location
  • Directions: Just south of Downtown Mall on Avon at corner with Montrose.
  • Subdivision: Belmont
  • City: Charlottesville
  • Lot
  • 0.14 acres
  • Garage
  • Schools
  • Elementary school: Summit
  • Middle school: Walker & Buford
  • High school: Charlottesville
  • Taxes
  • Annual taxes: $4,537
  • Year: 2025
  • Utilities
  • Water: Public Water

Property Map

$775,000 – 1001 Avon St, Charlottesville, VA 22902

Street View

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