Property Map
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Courtesy of REAL ESTATE III, INC. {attribution_contact}
Description
Welcome to 1700-1704 Old Brook Road, a unique investment opportunity nestled in the heart of Albemarle County’s Urban Area. This expansive property boasts two distinct residences – a stately brick home in need of complete renovation and a separate cottage, which could be renovated, used for an accessory building or rental, but also needs a complete renovation. These two homes are situated on an impressive 7.9-acre lot. Listed at $875,000, this property presents endless potential for the discerning Investor. This property is great for the contractor client or investor to rehab and rent these two homes. The main residence offers three bedrooms and two bathrooms spread across a generous 2544 square feet of living space. The secondary cottage has 754 square feet and mirrors the need for renovation and TLC of the main house. The cottage offers additional accommodation or rental income possibilities. With the shortage of an inventory of homes in our area, this investment provides an exciting canvas for those seeking to customize their new investment or create an attractive rental proposition. This vast property is zoned R-2 which allows less lot space and road frontage than a normal rural lot and uniquely provides an optional benefits
Property Details and Features
Basement
- Yes
Bathrooms
- 2 full bathrooms
- 2 bathrooms
Bedrooms
- 3 bedrooms
Building
- Design: Ranch
- 1 Story
- 3,298 finished square feet
- 4,042 total square feet
- 744 unfinished square feet
- Built in 1967
Cooling
- None
Exterior Features
- Brick
Foundation
- Concrete Block
- Concrete Slab
Heating
- Baseboard
- Hot Water
Listing
- 31 days on the market
Location
- Directions: From Rio Rd, turn onto Old Brook Rd, go 0.7 miles to houses at 1700 and 1704 Old Brook Rd on the left.
- City: Charlottesville
Lot
- 7.96 acres
Parking
- 1-car carport
Schools
- Elementary school: Woodbrook
- Middle school: Journey
- High school: Albemarle
Taxes
- Annual taxes: $3,716
- Year: 2024
Utilities
- Water: Public Water