1001 Avon St
Charlottesville, VA 22902
$775,000

Unique Triplex with detached garage in Belmont. Located on the corner of Avon and Montrose, this property abounds with residential and investment opportunity. Excellent candidate to live in one apartment while renting out 2 others, and the garage. Gross rent $48,900/year from 3 apartments, not including the potential garage rental income. Options include: rent and hold, rent and live in one apartment, rent and build up to 8 units per R-C Zoning, subdivide into 2 lots. OR convert back to the original house and bringing to life the beautiful wood floors, front porch, charming stairwell. The yard is partially fenced with ample room for a variety of uses and structures. New roof 2020, New gutters 2018, Sewer line inspected and cleaned 2018, New Mini-splits 2018. refreshed hallways (2020) Unit A: Fully renovated kitchen, bathroom, and appliances (2020); new fridge (2024); new dryer (2024); new outdoor mini split compressor (2024); Unit B: New sink, vanity, and water heater (2020); new range (2022); Unit C: New range (2021); new fridge (2023); bathroom renovation (new vinyl, vanity, sink, and hardware) (2023); corner lot has off-street parking for 2 or more cars, plus ample parking on Montrose. Nearly zero vacancy. Rents easily!

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