Duplex Over/Under

duplex for sale

29 views

Listed: 02/13/23

506 Ridge Street, Vinegar Hill, Charlottesville, VA 22903, USA

Studio Bed:

2 Bath:

1,511 Sq Ft Living Area:

Save

Price

$ 1,25M

Show 6 more

About This Duplex

Fantastic Development/Investment Potential, currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. . Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. Owner will cooperate with zoning change to obtain higher density for construction of new units. With a 50% Down-payment, Owner Financing Available! Owner may be willing to participate in a rezoning to achieve the highest density possible.

Property Includes

Student Friendly
Roof Composition Shingle
Heating Forced Air
Heating Heat Pump
Fuel Heating Natural Gas

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Duplexes for sale in Charlottesville

Ridge Street Housing & Living

Household Income

Median household income: $54,739

Number of households: 18,408

The average household income in Charlottesville, VA grew from $50,727 to $54,739 in the past year. This data is an estimate based upon 18,408 households in Charlottesville, VA.
The chart below presents how household income is distributed in Charlottesville, VA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Charlottesville, VA compared to median property taxes around the country. The prevalent amount of property taxes in Charlottesville, VA equals $2k-$3k , which is less than the national average.