207 Douglas Ave, Charlottesville, VA 22902

Property Description

Great investment property on a quiet tree lined street in the heart of Belmont. Property sits on a .20 acre flat landscaped lot, 3 off street parking spots, just a few minutes walk to 9 popular Belmont Restaurants. A quick 10 minute walk to the DT mall, IX park, Farmer's Market, Belmont Park. Well maintained property consists of a large house with 3 apartments, PLUS a CUSTOM built cottage tucked on the back of the lot. Rentals all offer great privacy for tenants each one has their own entrance and porche. All rentals have their own washer dryer, no units share mechanicals/systems all have separate electric meters. One water/sewer meter, New Roof 2026. Property is zoned R-B with the city, according to city this property can have up to 6 units By-Right. New owner could live in the cottage and have 3 income producing units right away. 2 of 3 units in large house and Cottage rent as furnished rentals, other unit in large house is unfurnished. New owner can continue with furnished or turn them all into 12 month standard leases once existing leases terminate. These are NOT Airbnbs, tenants for furnished are travel nurses, UVA professors or working professionals. Three off street parking spots, Excellent rental history, never vacant.