County/City: Charlottesville

Subdivision: CHERRY HILL

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

Property Type: Attached

Acreage: 0.05

Taxes: $4016 as of 2024

Year Built: 2008

Pool:

Garage: Yes

Exterior Details

Brick

Interior Details

Sq. Ft. Finished: 2536   Sq.Ft. Unfinished: 400

Bedrooms: 4

Full Baths: 3   Half Baths: 0

Basement: No

Fireplaces:

Cooling: Natural Gas

Heating: Central AC,Heat Pump

School Details

Elementary School: Johnson (Charlottesville)

Middle School: Walker & Buford

High School: Charlottesville

Listing Firm: BARRINGTON REALTY LLC, Contact information: 434-270-2241

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