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. With the new zoning in place in 2024, the development plan should potentially allow for 13 luxury townhomes or about 30 apartments. Architect plans for the homes and the site plan are available upon request.

Elementary School Middle School High School
Clark Elementary School Walker & Buford Middle School Charlottesville High School
Price History
4/9/2024 Listed $1,125,000

General Features

Heating Forced Air,Heat Pump,Natural Gas
Roof Composition Shingle
Water Public Water
Zoning R-2 Two Family Residential
HOA No
Status Active
New Construction No
Subdivision NONE
Class MULTI-FAMILY
Type Duplex Over/Under
Green Features No
Owner Pays None
Access Public Road
Tax Year 2018
Parcel Number 290274000
Gross Rent 1565
AVM Yes
Status Active
Historic District No
Subdivision VA
Area Charlottesville
Primary City Charlottesville
Year Built 1957
Virtual Tour https://www.corelistingmachine.com/home2/4ZB423
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,left on Burnett to end of street and
City CHARLOTTESVILLE
Taxes 7000
Middle School Walker & Buford
Over 55 Community No
Street Name RIDGE ST
Legal Description Parcel ID #290274000 - LOT 1
High School Charlottesville
DOM 1961
Postal Code 22902
Price Per Sq Ft 744.54
Coming Soon 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 townhome
Cable/Internet Available Cable,DSL

Interior Features

Air Conditioning Heat Pump
Basement Heated,Partly Finished,Walk Out,Windows
Total Number of Units 2
Unit 1: # Baths 1
Unit 1: # Units 1
Unit 2: # Baths 1
Unit 2: # Units 1
Unit 2: Type 2 Bed Apt
Unit 2: # SQFT 698
Unit 2: # Beds 2
Unit 1: Type 2 Bed Apt
Unit 1: # SQFT 813
Unit 1: # Beds 2
Total Finished SQ. FT. 1511

Exterior Features

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

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 $1.13M
$1.13M
Taxes
AVG $7,000
$7,000
Visits
AVG 12
11
Data Provided by Inside Real Estate®
Year Built
AVG 1957
1957

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