1040 Locust Ave Charlottesville, VA ^$ 575,000

1040 Locust Ave

^$ 575,000

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1040 Locust Ave

Charlottesville, VA, 22901

^$ 575,000

Studio Baths0.0

Monthly Estimate*

^$ 4,017

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Studio

Multi-Family Home for sale in Charlottesville, VA

for $575,000. This home was built in 1963 on a lot size of 0.16.

This brick home in the heart of Charlottesville features side-by-side 2 bedroom one bathroom homes. Each unit features hardwood floors throughout. Living room, dining room and kitchen on the main level with two bedrooms and full bath upstairs. Enjoy the outdoors on the screened porch each unit. Laundry room and lots of storage in the unfinished basement. Accessed from inside the home. Income producing rental could also be converted back to single family home. Each unit rents for $1400/mo. Lease ends 8/1 for Unit B and 9/1 for Unit A.,Formica Counter,Wood Cabinets,Bus on City Route

Multi-Family Pending

Price

^$ 575,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 5,669

Style

Lot Size

0.16

Year Built

1963

Town/City

Charlottesville

County/Region

Charlottesville City

MLS | Web ID

651391

Features

General

Sewer Public Sewer

Heating Baseboard

Cooling Window Unit(s)

Roof Architectural Shingle

Appliances Oven/Range - Electric Refrigerator Dryer Washer/Dryer Hookups Only

Zoning R-3

Architectural Style Other

Construction Materials Brick

Year Built 1963

Tenant Pays Electricity Gas Common Area Maintenance Trash Removal Sewer Water

Property SubType Duplex

Tax Year 2024

Percent Ownership Other

Gross Income 2800.00

Accessibility None

County CHARLOTTESVILLE CITY

New Construction N

Property Type Multi-Family

Subdivision Name LOCUST GROVE

Garage Y/N N

Status PENDING

Directions 250 Bypass to Locust Ave Exit. Left on Locust Ave home is on the Right.

City CHARLOTTESVILLE

Buyer Agent Compensation 2.5

Disclosures Prop Disclosure

Zoning Description Multifamily Residential

Total Units 2

Street Name LOCUST AVE

Tax Annual Amount 5669.76

Structure Type Twin/Semi-Detached

Price Per Sq Ft 294.87

Construction Completed Y/N N

Vacation Rental Y/N N

Virtual Tour https://mls.ricoh360.com/3fd59c25-fd7e-49ac-833d-11c8c1f09753

Days on Market 14

Standard Status Pending

Year Built Source Estimated

Buyer Agent Compensation Type % Of Base

Interior

Basement Interior Access Unfinished

Flooring Hardwood

Basement (Y/N) Y

Heating Y/N Y

Fireplace Y/N N

Central Air Y/N N

Exterior

Water Source Public

Inclusions Refrigerator range and dryer in both units. Washer in unit B

Foundation Details Block

Water View Y/N N

Lot Size Acres 0.16

Road Responsibility Public

Water Oriented Y/N N

Internal Only

Street Number 1 1040

* Excluded Features

List By

Long & Foster - Charlottesville West

Broker

DeniseRameyRealtor@gmail.com

Affordability Calculator

$4,489

Per Month

Monthly Principal & Interest: $4,017
Monthly Property Taxes: $472
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Charlottesville, VA

Average List Price ^$1,303,333

Percent of Sale Price 127%

About Charlottesville, VA

48,796 Population

8% Since 2002

^$55,740 Median Income

31.57 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4067454 Elementary School

4067373 Middle School

Charlottesville High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/5/2024	$575,000		Listed Price

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1040 Locust Ave, Charlottesville, VA, 22901 is a Multi-Family Home for sale at $575,000 with a lot size of 0.16. 1040 Locust Ave is a studio with 0.0 baths and was built in 1963. The property's zip code is 22901 which is in Charlottesville, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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1040 Locust Ave

Multi-Family Home for sale in Charlottesville, VA

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