1124 Preston Ave, Charlottesville VA 22903

$525,000
MLS #:663809

8beds
5baths
1half-baths
5,041sq ft
0.38acres

Neighborhood: None

Square Ft Finished: 5,041

Square Ft Unfinished: 0

Elementary School: Jackson-Via

Middle School: Walker & Buford

High School: Charlottesville

Property Type: residential

Subcategory: Detached

HOA: No

Area: Charlottesville

Year Built: 1935

Price per Sq. Ft: $104.15

1st Floor Master Bedroom: Yes

HOA fee: $0

Stories: 2 Story

Garage Num Cars: 0.0

Cooling: Central AC, Heat Pump

Air Conditioning: Central AC, Heat Pump

Heating: Central Heat, Forced Air

Water: Public Water

Sewer: Public Sewer

Basement: No

Kickout: No

Annual Taxes: $4,841

Tax Year: 2024

Legal: PARCEL A PRESTON

Directions: From barracks, take preston toward rose hill. Home on left

This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 8 bedrooms and 5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville's most sought-after neighborhoods. 1122 Preston Ave is for sale as well, and both properties can be purchased together in a combo deal.

Days on Market: 11

Updated: 4/28/25

Courtesy of: Avenue Realty, Llc

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Directions:

From barracks, take preston toward rose hill. Home on left
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Listing Office: Avenue Realty, Llc