Price Reduction - Seller Financing
Address
512 Ridge St, Charlottesville, VA
Price
$ 1,125,000
Property Attributes
  • MLS#582158
  • TypeMulti-Family
  • CountyCHARLOTTESVILLE
  • CityCharlottesville
  • AreaCharlottesville
  • Zip22902
  • StyleDuplex Over/Under
  • Year Built1957
  • Taxes$ 7000
  • Price$ 1,125,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1511
  • Lot Size1 Acres
Data Source:
Charlottesville MLS (CAARMLS)
Property Description

Fantastic Development/Investment Potential, currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. . Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. Owner will cooperate with zoning change to obtain higher density for construction of new units. With a 50% Down-payment, Owner Financing Available! Owner may be willing to participate in a rezoning to achieve the highest density possible.

Elementary School Middle School High School
Clark Elementary School Walker & Buford Middle School Charlottesville High School
Price History
10/5/2020 Listed $1,250,000
1/13/2023 10% - $1,125,000

General Features

AVM Yes
Access Public Road
Area Charlottesville
Basement Heated, Partly Finished, Walk Out, Windows
Cable/Internet Available Cable, DSL
City CHARLOTTESVILLE
Class MULTI-FAMILY
Coming Soon Fantastic Development/Investment Potential
DOM 1543
Directions From Downtown, take McIntire to Ridge, property is on Ridge St on the left between Oak and Elliott. You can view land by going from Ridge Street, to left on Elliott
Green Features No
Gross Rent 1565
HOA No
Heating Forced Air, Heat Pump, Natural Gas
High School Charlottesville
Historic District No
Legal Description Parcel ID #290274000 - LOT 1
Middle School Walker & Buford
New Construction No
Over 55 Community No
Owner Pays None
Parcel Number 290274000
Postal Code 22902
Price Per Sq Ft 744.54
Primary City Charlottesville
Roof Composition Shingle
Status Active
Status Active
Street Name RIDGE ST
Subdivision VA
Subdivision NONE
Tax Year 2018
Taxes 7000
Type Duplex Over/Under
Virtual Tour https://www.corelistingmachine.com/home2/4ZB423
Water Public Water
Year Built 1957
Zoning R-2 Two Family Residential

Interior Features

Air Conditioning Heat Pump
Total Finished Sq. Ft. 1511
Total Number of Units 2
Unit 1: # Baths 1
Unit 1: # Beds 2
Unit 1: # Sqft 813
Unit 1: # Units 1
Unit 1: Type 2 Bed Apt
Unit 2: # Baths 1
Unit 2: # Beds 2
Unit 2: # Sqft 698
Unit 2: # Units 1
Unit 2: Type 2 Bed Apt

Exterior Features

Foundation Concrete Block
Lot Size Area 1
Sewer/Septic Public Sewer

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 22902

Price
AVG $710K
$1.13M
Taxes
AVG $4,614
$7,000
Visits
AVG 475
904
Year Built
AVG 1939
1957
Walkscore
AVG 66
85
Data Provided by Walkscore ® not using MLS data

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