1408 Baker St, Charlottesville, VA 22903

Property Description

One of Charlottesville's most affordable opportunities to offset your mortgage with a fully finished apartment just minutes from UVA. Phenomenal investment opportunity off Cherry Ave! Fully renovated and legal over/under duplex offering separate, turnkey units in a prime Charlottesville location. You will be amazed by the finishes in this home. Upstairs features 3 bedrooms and 1 bath, hardwood floors, a beautifully updated modern kitchen, a relaxing screened porch, and abundant natural light. Don't miss the large usable fenced yard with planting beds and a shed. The lower apartment offers 2 bedrooms and 1 bath, new flooring, new kitchen, attractive bath renovation, two healthy bedrooms, and a private gated walkway leading to its own outdoor seating area. Both units are Move-in ready with in-unit laundry and strong income potential for investors or owner-occupants seeking supplemental rental income. Convenient to downtown, UVA, hospitals, and I-64. Separate electric meters, separate addresses. While this home was most recently owner occupied and renovated, upstairs rental comps suggest $2,300/mo while downstairs has the potential to make $1,700/mo.