SERVING BUYERS AND SELLERS IN VIRGINIA, DC & MARYLAND
Call/text for VA and NC properties: 434-249-4972Call for DC and MD properties: 202-999-0715
Residential
- 1012 Elliott Ave, Charlottesville VA 22902
- $549,000
- MLS #:1189432576
PROPERTY DESCRIPTION
Investor opportunity in desirable Belmont! This well-positioned duplex offers immediate rental income, an oversized R-B zoned lot, and a highly desirable over-under layout. Property capable of generating a combined $3,700/month ($44,440 annually) in gross rental income. Unit A generates $1,950/month and features 3 bedrooms, a large kitchen, living room, newly renovated full bath, and laundry. Unit B generates $1,750/month and offers 2 bedrooms, 1 full bath, living room, large kitchen, and laundry. The oversized lot, rear alley access, large backyard, and rear deck add to the property's appeal and provide potential long-term upside. With two separately configured units, established rental income, and a desirable Belmont location, this property is an excellent addition to an investment portfolio or opportunity for an owner-occupant seeking rental income to help offset expenses. Rent to price ratio = .
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