716 S 1ST ST , Charlottesville, VA 22903
- $697,500
Overview
- Duplex, Residential Income
- 1925
- 666422
Description
Don?t miss this exceptional investment opportunity just 3 blocks from the vibrant Charlottesville Downtown Mall. This over/under duplex was extensively renovated in 2019 and offers modern amenities, reliable rental income, and development potential. Property Features: New HVAC, electrical, plumbing, bathrooms, kitchen appliances, cabinets (Unit A), lighting, flooring, windows, doors, Trex decking, roof, and stackable washer/dryer units. Unit A: 1,028 sq ft, 2BR, 1.5 BA, and access to a 325 sq ft unfinished basement. Unit B: 812 sq ft with 2 BR, 1 full BA Both units feature private front and rear decks, in-unit laundry, and updated finishes throughout. Parking: Off-street parking in the rear for up to 4 vehicles, plus ample on-street parking. Location: Walkable to restaurants, shops, and public transportation. Adjacent to the expansive IX property. Income Potential: Unit A: Currently rented at $1,975/month. Unit B: Currently rented at $1,980/month. Development Opportunity: Located next to a vacant lot and benefiting from newly approved NX-8 zoning, this property holds significant potential for or future development or expansion, especially given its proximity to the growing IX Art Park district.,Formica Counter,Wood Cabinets,Bus on City Route
Address
Open on Google Maps-
Address: 716 S 1ST ST
-
City: Charlottesville
-
State: VA
-
Zip/Postal Code: 22903
-
Area: NONE AVAILABLE
-
Country: US
Details
Updated on August 14, 2025 at 7:04 pm-
Property ID 666422
-
Price $697,500
-
Land Area 0.18 Acres
-
Garage Size x x
-
Year Built 1925
-
Property Type Duplex, Residential Income
-
Property Status Active
-
MLS# 666422
Additional details
-
Roof Composite
-
Utilities Electric Available
-
Sewer Public Sewer
-
Cooling Heat Pump(s)
-
Heating Heat Pump(s)
-
Flooring Carpet,Laminated
-
County CHARLOTTESVILLE CITY-VA
-
Property Type Residential Income
-
Middle School WALKER & BUFORD
-
High School CHARLOTTESVILLE
-
Architectural Style Colonial
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
Schedule a Tour
Your information
Contact Information
View Listings- Tony Saa
- WEI58703-314-7742