924 Rainier Road Charlottesville, VA 22903

$2,002,000
4
Beds
3
Baths
0.05
Acres
2,536
SQFT
789
$/SQFT
$2,002,000
4
Beds
3
Baths
2,536   sf
$789 / sf
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active
1/66
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4 Cherry Hill homes offered individually or as an investment package. Leased through Summer 2025. Super popular with UVA Medical and JAG. Near UVA Hospital, Campus and Downtown pedestrian mall. Luxury 3-level, 3-4 BR homes with 2 car detached garages and fenced rear courtyards! Two floor plans offered. Slight variations per home. Owner/Broker Licensed in Va. Recent zoning changes may allow for add'l income opportunities-verify. Strong rental history with steady stream of very qualified renters from UVA Hospital/JAG. Solid appreciation and annual rent increases. Homes often rent site unseen, within days of listing. Often, multi-year leases, from 2- 8 years. Super Location w subdivision green spaces, picnic tables, and walking trails. Nearby Smith Aquatic and Fitness Center, Ix Park, as well as 5th Street Shopping Ctr-Wegmans, Dicks, Panera, Alamo Drafthouse... Adjacent to Johnson Elementary. Easy I-64 access. Net ROI 9% (Income-Expenses, with depreciation). Add Historical appreciation 7.89% for a tremendous 16.89% return Each property owned by a different entity. Homes are occupied by tenants through Summer 2025. Lease extensions likely on some homes. Tenants pay HOA, covers landscaping/snow removal.,Granite Counter

4 Cherry Hill homes offered individually or as an investment package. Leased through Summer 2025. Super popular with UVA Medical and JAG. Near UVA Hospital, Campus and Downtown pedestrian mall. Luxury 3-level, 3-4 BR homes with 2 car detached garages and fenced rear courtyards! Two floor plans offered. Slight variations per home. Owner/Broker Licensed in Va. Recent zoning changes may allow for add'l income opportunities-verify. Strong rental history with steady stream of very qualified renters from UVA Hospital/JAG. Solid appreciation and annual rent increases. Homes often rent site unseen, within days of listing. Often, multi-year leases, from 2- 8 years. Super Location w subdivision green spaces, picnic tables, and walking trails. Nearby Smith Aquatic and Fitness Center, Ix Park, as well as 5th Street Shopping Ctr-Wegmans, Dicks, Panera, Alamo Drafthouse... Adjacent to Johnson Elementary. Easy I-64 access. Net ROI 9% (Income-Expenses, with depreciation). Add Historical appreciation 7.89% for a tremendous 16.89% return Each property owned by a different entity. Homes are occupied by tenants through Summer 2025. Lease extensions likely on some homes. Tenants pay HOA, covers landscaping/snow removal.,Granite Counter

  • Neighborhood
  • Type
  • Total Baths
  • County
    Charlottesville City
  • HOA Dues
    $59/mo
  • Tax Amount
    $4,016
  • Status
    Active
  • Listing #
    654060
  • Built
    2008
  • Lot Size
    0.05
  • Listed on site
    96 days
  • Listing Agent Id
    304483465017

Listed by:
Barrington Realty Llc

Source:
BRIGHT MLS

School Info

Property details

Community Features

  • Has HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • Fence
  • No Pool
  • Basement

Interior Features

  • Carpet Floors
  • Central Air Conditioning
  • Wood Floors

Property History

DateDays AgoEventNew Price
Sep 15, 20245 days agoPrice decreased948,000 (32%)$2,002,000
Jul 5, 20243 mos agoPrice decreased500,000 (14%)$2,950,000
Jun 16, 20243 mos agoNew on market$3,450,000
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