126 SHAMROCK RDCHARLOTTESVILLE, VA 22903

  • $799,900
  • $644 / SqFt
  • Days on Market 58
  • MLS# 626791
5 Beds
3 Baths
1242 SQFT
0.15 Acres
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School Information

  • Elementary: Venable
  • Middle School: Walker & Buford
  • High School: Charlottesville

Description

Perfect 1031 Tax Exchange. R-2U home on Shamrock next to Scott Stadium. This 5BR 3BA property and 128 Shamrock Road need to be sold at the same time. Total price is $1.6M. Price is based on current rental and future expansion. 126 Shamrock has a 1BR 1BA cottage in the backyard, and 128 Shamrock has a 1BR 1BA loft apartment. Combined current rental income at this time = $65,100/yr. Beginning in July, rental income will be $6,150/month = $73800/yr. Cap Rate (Cash Purchase) = approximately a 4% ROI. With the new zoning in discussion, both 126 and 128 Shamrock are considered "High Density." Multiple units could potentially be built on this land. Property is Sold "as is".

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Listed by RE/MAX REALTY SPECIALIST - DOWNT

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Copyright Charlottesville Area Association of Realtors®. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of Charlottesville Area Association of Realtors®. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Any use of search facilities of data on this site other than by a consumer interested in the purchase of real estate, is prohibited. Information last updated on 2022-05-25 23:02:05.

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