207 Douglas Ave, Charlottesville, VA 22902

Property Description

Wonderful investment property in the heart of Belmont, tree lined streets and a fabulous restaurant scene. Large house has 3 separate apartments, all units have private entrances, their own electric meters and outdoor space. PLUS a custom built COTTAGE tucked on the back of this large landscaped lot, a total of 4 rentals. Live in the cottage and have 3 rentals, or remodel to a single family and keep cottage as rental. Cottage and two apartments are currently Furnished short term rentals (NOT Airbnb's) Tenants are travel nurses, UVA & working professionals. leases on Furnished have minimum of 90 day leases. New owners could turn all rentals into standard 12 month leases once existing leases expire. One water/sewer meter for the property, average water is $140-$150/month total for all the units. All leases convey and all furnishings in furnished units/cottage convey. There are 3 off street parking spots. Great location in Belmont, quiet street. Property has been well maintained, new roof on large main house July 2026, has an excellent rental history, never any vacancies. Premium location in Belmont!