Listed By:
REAL ESTATE III - NORTH
Address
512 Ridge St Street, Charlottesville, VA
Price
$ 1,125,000
Property Attributes
  • MLS#582158
  • TypeMulti-Family
  • CountyCHARLOTTESVILLE CITY
  • CityCharlottesville
  • Zip22902
  • Style
  • Year Built1957
  • Taxes$ 7000
  • Price$ 1,125,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1 Acres
Data Source:
Bright MLS
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
2/2/2023 Listed $1,125,000

General Features

Sewer Public Sewer
Heating Forced Air,Heat Pump(s)
Cooling Heat Pump(s)
Roof Composite
Zoning R-2
Architectural Style Other
Year Built 1957
Property SubType Duplex
Tax Year 2018
Percent Ownership Other
Gross Income 1565.00
OwnerPays None
Accessibility None
County CHARLOTTESVILLE CITY
New Construction No
Property Type Multi-Family
Subdivision Name NONE AVAILABLE
Garage Y/N No
Status ACTIVE
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
ModificationTimestamp 2024-05-01T15:02:34
City CHARLOTTESVILLE
Buyer Agent Compensation 2
Disclosures Exempt - Disclosure/Disclaimer
Zoning Description Two Family Residential
Total Units 2
Street Name RIDGE ST
Tax Annual Amount 7000.0
Structure Type Twin/Semi-Detached
Other Units Unit 1,Unit 2
Price Per Sq Ft 744.54
Construction Completed Y/N No
Historic Y/N No
Vacation Rental Y/N No
Virtual Tour https://www.corelistingmachine.com/home2/4ZB423
Days on Market 1976
Standard Status Active
Year Built Source Estimated
Buyer Agent Compensation Type % Of Base

Interior Features

Heating Fuel Natural Gas
Basement Heated,Partially Finished,Walkout Level,Windows
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix STREET
Central Air Y/N No

Exterior Features

Water Source Public
Foundation Details Block
Water View Y/N No
Lot Size Acres 1.00
Road Responsibility Public
Water Oriented Y/N No

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 97
646
Data Provided by Inside Real Estate®
Year Built
AVG 1957
1957
Walkscore
AVG 87
87
Data Provided by Walkscore® not using MLS data