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1005 Cherry AvenueCharlottesville, VA 22903Price: $400,000

  • Price: $400,000
  • Est. Mortgage of $/month
  • 21 Days on Market
$
$
%
$/month over payments
Federal 30-year interest rate: 6.89% last updated on Feb 6, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $400,000List Price
  • 3Bedrooms
  • 2Bathrooms
  • 0.16Acreage
  • 1,648Square Feet

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Investors, take note! This prime, 0.16-acre lot in the highly sought-after Fifeville neighborhood of Charlottesville offers an exceptional redevelopment opportunity. Zoned R-B, this property can be subdivided and allows for the development of up to 8 total units. Currently, a 3-bedroom, 2bath home sits on the lot, which is currently rented. This presents various possibilities for maximizing its full potential. Enjoy the convenience of being within walking distance to UVA, The Corner, and the Downtown Mall. The train station is also nearby, and it's just a quick drive to 5th Street Station shopping, offering a variety of dining and retail options. This is a rare chance to capitalize on a prime location in one of Charlottesville's most vibrant areas.,Formica Counter,Painted Cabinets

Property Details of 1005 Cherry Avenue

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Listed by MARJORIE ADAM of BETTER HOMES & GARDENS R.E.-PATHWAYS

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