1122-1124 Preston Avenue

Charlottesville, VA 22903

$1,900,000
Price
19
Beds
16
Baths
1
1/2 Bath
7,276 Sq. Ft.
$261 / Sq. Ft.
7,276
Sq. Ft.
$261
per Sq. Ft.

Description

This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 19 bedrooms and 16.5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance...This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 19 bedrooms and 16.5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville’s most sought-after neighborhoods.
  1. Listed by WILL NAFEI • AVENUE REALTY, LLC
    C: (434)-242-9471 willnafeithenook@gmail.com
  2. Listed by STUART RIFKIN • BLUESKY PM, LLC
    P: (434)-466-9515 C: (434)-466-9515 stu.rifkin@gmail.com

Property Details for 1122-1124 Preston Avenue

Subdivision
NONE
Directions
From Preston, pass Washington Park, down hill, driveway will be on the right
Water
Public Water
Zoning
R-3 Multifamily Residential
LISTING UPDATED: 11/07/2024 04:29 AM

Property Details for 1122-1124 Preston Avenue

StatusActive
MLS #658570
Days on Market40
Taxes$10,643 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Attached
Year Built1935
Lot Size0.38 AC / 16,552 SF
CountyCharlottesville Independent City

Building Information for 1122-1124 Preston Avenue

Stories2Year Built1935Building Size-Lot Size0.38 AC / 16,552 SF

Property Information for 1122-1124 Preston Avenue

Summary
Location and General Information
  • County/Incorporated City: Charlottesville
Taxes and HOA
  • Tax Year: 2024
  • Taxes: $10,643.00
  • Association: No
  • Assn Setup/Transfer Fees: $.00
  • Parcel Number: 030073000, 030073A00
School Information
  • Elem School: Jackson-Via
  • High School: Charlottesville
  • Middle School: Walker & Buford
Parking
  • Garage AG Unfin: 0.0
  • Garage BG Unfin: 0.0
  • Garage Total AG: 0.0
  • Garage Total BG: 0.0
Property
Lot Information
  • # of Acres: 0.38
  • Price Per SQFT: $261.13
  • Foundation: Concrete Block, Concrete Slab
  • Above Grade Finished: 7276.0
  • Above Grade Unfinished: 0.0
  • Below Grade Finished: 0.0
  • Below Grade Unfinished: 813.0
  • Dependency Total BG: 0.0
  • Dependency Total AG: 0.0
Property and Assessments
  • Class: RESIDENTIAL
  • Property Type: Attached
  • Type of Construction: On Site Built
  • Level: 2 Story
  • Year Built: 1935
  • New Construction: No
  • Occupant: Tenants
  • Legal Description: Parcel A, Parcel B
  • Road Maint: 0.0
  • Lockbox: Other
  • Occupied By: Tenant
  • Agent Hit Count: 127
  • Client Hit Count: 8
  • Listing Services: Exclusive Right to Sell
  • Attached Home: Duplex
  • Cable/Internet Available: Cable, Fiber-Optic
Green Features
  • Green Features: No
Utilities
  • Sewer/Septic: Public Sewer
Interior and Exterior Features
Interior Features
  • Air Conditioning: Central AC, Heat Pump
  • Heating: Baseboard, Forced Air, Heat Pump
Room Information
Additional Room Information
  • Room Types: Bedroom, Full Bath, Half Bath
  • Room Types Level 1: Bedroom (L1), Full Bath (L1), Half Bath (L1)
  • Room Types Level 2+: Bedroom (L2+), Full Bath (L2+)
  • Concatenated Rooms 1: |Bedroom1|Bedroom1|Bedroom1|Full Bath1|Full Bath1|Full Bath2|Full Bath1|Full Bath2|Full Bath2|Full Bath1|Full Bath2|Full Bath1|Full Bath1|Full Bath1|Full Bath2|Full Bath2|Full Bath2|Full Bath2|Full Bath2|Half Bath1|Bedroom1|Bedroom1|Bedroom1|Bedroom1|Bedroom2|Bedroom2|Bedroom2|Bedroom2|Bedroom2|Bedroom2|
Bathrooms Information
  • # Baths: 16.50
  • # Baths: Below Grade: .00
  • # Baths: Dependency: .00
  • # Baths: Main Level: 7.50
  • # Baths: Upper Level(s): 9.00
  • # Full Baths: 16
  • # Half Baths: 1
Bedrooms Information
  • # Beds: 19.00
  • # Beds: Below Grade: .00
  • # Beds: Dependency: .00
  • # Beds: Main Level: 7.00
  • # Beds: Upper Level(s): 6.00
Room 1
  • Room 1: Bedroom
  • Room 1 Level: 1
Room 2
  • Room 2: Bedroom
  • Room 2 Level: 1
Room 3
  • Room 3: Bedroom
  • Room 3 Level: 1
Room 4
  • Room 4: Full Bath
  • Room 4 Level: 1
Room 5
  • Room 5: Full Bath
  • Room 5 Level: 1
Room 6
  • Room 6: Full Bath
  • Room 6 Level: 2
Room 7
  • Room 7: Full Bath
  • Room 7 Level: 1
Room 8
  • Room 8: Full Bath
  • Room 8 Level: 2
Room 9
  • Room 9: Full Bath
  • Room 9 Level: 2
Room 10
  • Room 10: Full Bath
  • Room 10 Level: 1
Room 11
  • Room 11: Full Bath
  • Room 11 Level: 2
Room 12
  • Room 12: Full Bath
  • Room 12 Level: 1
Room 13
  • Room 13: Full Bath
  • Room 13 Level: 1
Room 14
  • Room 14: Full Bath
  • Room 14 Level: 1
Room 15
  • Room 15: Full Bath
  • Room 15 Level: 2
Room 16
  • Room 16: Full Bath
  • Room 16 Level: 2
Room 17
  • Room 17: Full Bath
  • Room 17 Level: 2
Room 18
  • Room 18: Full Bath
  • Room 18 Level: 2
Room 19
  • Room 19: Full Bath
  • Room 19 Level: 2
Room 20
  • Room 20: Half Bath
  • Room 20 Level: 1
Room 21
  • Room 21: Bedroom
  • Room 21 Level: 1
Room 22
  • Room 22: Bedroom
  • Room 22 Level: 1
Room 23
  • Room 23: Bedroom
  • Room 23 Level: 1
Room 24
  • Room 24: Bedroom
  • Room 24 Level: 1
Room 25
  • Room 25: Bedroom
  • Room 25 Level: 2
Room 26
  • Room 26: Bedroom
  • Room 26 Level: 2
Room 27
  • Room 27: Bedroom
  • Room 27 Level: 2
Room 28
  • Room 28: Bedroom
  • Room 28 Level: 2
Room 29
  • Room 29: Bedroom
  • Room 29 Level: 2
Room 30
  • Room 30: Bedroom
  • Room 30 Level: 2

Property History for 1122-1124 Preston Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1122-1124 Preston Avenue

This home is within Charlottesville Cty Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Venable Elementary School
PublicPK to 4

Buford Middle School
Public7 to 8

Charlottesville High School
Public9 to 12

Walker Upper Elementary School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1122-1124 Preston Avenue is a single family home for sale in Charlottesville, VA 22903. This property was listed for sale on November 7, 2024 by AVENUE REALTY, LLC, it's currently listed at $1,900,000. This listing's school district is Charlottesville Cty Public Schools. Nearby schools include Venable Elementary School, Buford Middle School and Charlottesville High School. 1122-1124 Preston Avenue is a 19-bed, 16.5-bath, 7,276 sqft single family home built in 1935.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AVENUE REALTY, LLC, WILL NAFEI; BLUESKY PM, LLC, STUART RIFKIN

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.