Property Map
Street View
Courtesy of BARRINGTON REALTY LLC {attribution_contact}
Description
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.
Property Details and Features
Appliances & Equipment
- Dryer
- Washer
Basement
- No
Bathrooms
- 3 full bathrooms
- Attach Primary Bath
- Separate Vanities
- 3 bathrooms
Bedrooms
- 4 bedrooms
Building
- 3 Story
- 2,536 finished square feet
- 2,936 total square feet
- 400 unfinished square feet
- Built in 2008
- Interior Unit
- 9′ Ceilings
- Vaulted/Cathedral Ceiling
- Transom
Cooling
- Central AC
- Heat Pump
Exterior Features
- Green Exterior Features: Cement siding
- Brick
Foundation
- Concrete Slab
Garage
- 2-car garage
Heating
- Natural Gas
Home Owner’s Association
- Fee: $708
Interior Features
- 9′ Ceilings
- Vaulted/Cathedral Ceiling
- Transom
Kitchen
- Granite
Listing
- 83 days on the market
Location
- Directions: From UVA Hospital, take Lee St to Rt on Roosevelt Brown Blvd to Rt on Cherry Ave. Left into Cherry Hill Subdivision on Rainier Rd. Left onto Bing Ln From JPA, left on Cleveland, left on Cherry. Rt into Cherry Hill on Rainier Rd. Home on the left
- Subdivision: Cherry Hill
- City: Charlottesville
Lot
- 0.05 acres
- Yard Features: Fenced,Landscaped,Mature,Nearly Level
- Garage
- Landscaped
Possession
- Settlement
Property
- Residential View
Schools
- Elementary school: Johnson (Charlottesville)
- Middle school: Walker & Buford
- High school: Charlottesville
Security Features
- Deadbolts
- Smoke Detector(s)
Taxes
- Annual taxes: $4,016
- Year: 2024
Utilities
- Gas: Natural Gas
- Water: Public Water