128 SHAMROCK RDCHARLOTTESVILLE, VA 22903

  • $799,900
  • $941 / SqFt
  • Days on Market 58
  • MLS# 626792
3 Beds
2 Baths
850 SQFT
0.17 Acres
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School Information

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

Description

Perfect 1031 Tax Exchange R-2U University property located at Shamrock and Stadium. This property needs to be sold along with 126 Shamrock Road; Total price is $1.6M. Both properties are zoned R-2U. Additional expansion could be added to this property along with 126 Shamrock Road making each property great investments. Both properties have a separate one bedroom cottage/loft apartment. Currently leased at $$2325 per month. 126 Shamrock is leased at $$3100 per month. In July '22, 128 Shamrock will be leased at $2900, and 126 Shamrock $3250. Cap Rate = Approximately a 4% ROI with a Cash Purchase. 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 2022-05-26 23:02:05.

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