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Image 1 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 2 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 3 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 4 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 5 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 6 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 7 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 8 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Image 9 - 1101 Cherry Ave, Charlottesville, Virginia, 22903 - House for sale
Home For Sale In Charlottesville, Virginia
1101 Cherry Ave, Charlottesville, Virginia, 22903

Home For Sale In Charlottesville, Virginia

house for sale
Listed: 05/27/24

1101 Cherry Ave, Charlottesville, Virginia, 22903

3 Bed:
2 Bath:
1,850 Sq Ft Living Area:
Save
Price
$ 500,000

About This House

An exciting investment opportunity to own a property with side street access that allows up to 6 units in the new R-B zoning. Due to its excellent location, the property has been a very successful rental. Walking distance to downtown, UVA, West Main and Smith Aquatic Fitness Center. Cherry Ave is located on a bus route. It is a short drive to I-64 and 5th street station. There are four, potentially five(smaller vehicles) off-street parking spaces, making this a very desirable rental. Home has been well maintained and loved by long-term tenants. This spacious downtown home features hardwood floors, a metal roof, AC, updated windows, large bedrooms and a master bedroom on the first floor. This home has a large backyard and a garage/workshop/storage area with power.

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Fifeville 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.