924 RAINIER RD | Residential
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SERVING BUYERS AND SELLERS IN VIRGINIA, DC & MARYLAND

(CENTRAL VA): 434-977-4663(DC/MD): 202-999-0715(NORTHERN VA): 703-662-1367

Residential

  • 924 Rainier Rd, Charlottesville VA 22903
  • $2,950,000
  • MLS #:654060

PROPERTY 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.
2,536 sq ft 4 beds 3 baths

ADVANCED SEARCH

RECENT PROPERTIES

CHARLOTTESVILLE
$420,000
CHARLOTTESVILLE
$2,750,000

FEATURED PROPERTIES


Listing courtesy of: Barrington Realty Llc