924 Rainier Rd

924 Rainier Rd
Charlottesville, VA 22903
$2,950,000

4 bed
3.0 bath
2,536 sqft
0 acre lot

6 Cherry Hill homes offered individually or as an investment package. Leased through Summer 2025. Super popular with UVA Medical and JAG. Near UVA Hospital, Campus and Downtown pedestrian mall. Luxury 3-level, 3-4 BR homes with 2 car detached garages and fenced rear courtyards! Two floor plans offered. Slight variations per home. Owner/Broker Licensed in Va. Recent zoning changes may allow for add’l income opportunities-verify. Strong rental history with steady stream of very qualified renters from UVA Hospital/JAG. Solid appreciation and annual rent increases. Homes often rent site unseen, within days of listing. Often, multi-year leases, from 2- 8 years. Super Location w subdivision green spaces, picnic tables, and walking trails. Nearby Smith Aquatic and Fitness Center, Ix Park, as well as 5th Street Shopping Ctr-Wegmans, Dicks, Panera, Alamo Drafthouse… Adjacent to Johnson Elementary. Easy I-64 access. Net ROI 9% (Income-Expenses, with depreciation). Add Historical appreciation 7.89% for a tremendous 16.89% return Each property owned by a different entity. Homes are occupied by tenants through Summer 2025. Lease extensions likely on some homes. Tenants pay HOA, covers landscaping/snow removal.

Days On Market
32
Price Per Sqft
$1163.25
Year Built
2008
Stories
3
Listing Type
Attached
MLS ID
654060

Additional Information

Cooling
Central AC, Heat Pump
Heating
Natural Gas
Construction
Brick
Garage
2 Car
Has Hoa
HOA
HOA Price
$708

Schools

Elementary School
Johnson (charlottesville)
Middle School
Walker & Buford
High School
Charlottesville

Request Information on This Home

Listed by Barrington Realty Llc.
Copyright Charlottesville Area Association of Realtors®. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the IDX Program of Charlottesville Area Association of Realtors®. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Any use of search facilities of data on this site other than by a consumer interested in the purchase of real estate, is prohibited. Information last updated on 2024-07-05 17:23:49


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