Price: $525,000
Beds: 8
Baths: 5 full, 1 half
Living Area SqFt: 5,041
Status: Active
Property Type: Detached
Lot Size Acres: 0.38
Lot Size SqFt: 16,552
Year Built: 1935
Neighborhood: None
Days on Website: 24

Courtesy of AVENUE REALTY, LLC

Property Description

This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 8 bedrooms and 5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA’s campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville’s most sought-after neighborhoods. 1122 Preston Ave is for sale as well, and both properties can be purchased together in a combo deal.

Open House

Property Details and Features

  • Bathrooms
  • 5 full bathrooms
  • 1 half bathroom
  • 6 bathrooms total integer
  • 1 main level bathroom
  • Bedrooms
  • 8 total bedrooms
  • 1 main level bedroom
  • Building
  • 5,041 above grade finished area
  • Building area total: 5,041
  • Construction materials: StickBuilt
  • Levels: Two
  • Living area: 5,041
  • 2 stories
  • Built in 1935
  • Cooling
  • CentralAir
  • HeatPump
  • Heating
  • Central
  • ForcedAir
  • Interior Features
  • PrimaryDownstairs
  • Listing
  • ListingID: 663809
  • Standard status: Active
  • Location
  • Subdivision name: NONE
  • Lot
  • 0.38 acres
  • Schools
  • Elementary school: Jackson-Via
  • High school: Charlottesville
  • Middle or junior school: Walker & Buford
  • Sewer
  • PublicSewer
  • Taxes
  • Tax annual amount: $4,841
  • Tax year: 2024
  • Utilities
  • CableAvailable
  • FiberOpticAvailable
  • SatelliteInternetAvailable

Property Map

$525,000 – 1124 Preston Ave, Charlottesville, VA 22903

Street View

Nearby Schools

Request More Info

  • This field is hidden when viewing the form
  • This field is hidden when viewing the form
  • This field is for validation purposes and should be left unchanged.

Request More Info

  • This field is hidden when viewing the form
  • This field is hidden when viewing the form
  • This field is for validation purposes and should be left unchanged.

Similar Properties Nearby