901 MONTICELLO AVE, CHARLOTTESVILLE, VA 265,000.00 MLS#474656
| Remarks: Charming and flexible Belmont residence. Well built and maintained 2 bed/1bath upstairs with a nice sized basement. 1bed/1bath downstairs apartment. Brick exterior radiator heat all appliacces convey. Detached 2 car garage, new automatic doors. Private Patio. Mature landscaping. Fenced yard. Potential rental income from apartment and garage. Huge floored attic storage with cedar closet. |
| AgntNotes: Seller will consider restoring interior stairs to downstairs apartment. Unusually well constructed and maintained home 7" concrete block and 3 1/2" brick veneer. Current Gross rent $1450. Upstairs lease expires in June, downstairs unit month to month. Garage storage rent of $150/mo included in gross rent. Appliance convey. Just three blocks to downtown Belmont. Across the street from International School. Bus stop less than 1/2 block away. Fireplace. Exterior trim recently repainted. Investor may be able to get positive cash flow with many mortgage financing products. Property is listed just above assessed value. This is an unusually well constructed and well maintained property with 7" concrete block and 3 1/2" brick veneer over 4" of stud frame drywall. Just three blocks to downtown Belmont and one of the closest multifamily properties to the Historic Downtown Mall. This property has been managed by a professional property management company. Current owner represents that they are only the second owner since 1948. Seller also represents that they have met with the city planning department and informed them of the property's current rental status. There is a remarkably dry basement apartment: Seller represents that the house is surrounded by a French drain. Upstairs unit is rented at $850/mo with lease expiring in July (tenant wants to stay). Downstairs rents for $425/mo and is on a month to month, both apartments have air conditioning unit that vents outside. Garage rents for $150/mo and is on month to month. Laundry room is shared and is separate from downstairs apartment. There is a locked storage room downstairs as well as a floored attic. There is also some storage above the Garage. There is a paved ally along the back property line and a bricked patio adjacent to the garage. Garage is currently rented to two individuals for $150/mo. Gas hot water radiators, gas water heater and gas ranges. Refrigerators and Washer Dryer convey. The upstairs fireplace has been used all season. All exterior trim to dwelling has been recently painted |
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