1001 Avon St Unit A, B, C, Garage Charlottesville, VA 22902
Belmont Neighborhood
4
Beds
3
Baths
1,760
Sq Ft
6,098
Sq Ft Lot
Highlights
- Wood Flooring
- Charlottesville High School Rated A-
- 5-minute walk to Belmont Park
About This Home
As of March 2025Rare Investment Opportunity with multiple upsides! Belmont location with Downtown Mall walkability. Gross rent $48,900/year from 3 apartments, not including the potential garage rental income. Seller's NOI 40k/yr. Options include: rent and hold, rent and live in one apartment, rent and build up to 8 units per R-C Zoning, subdivide into 2 lots. New roof 2020, New gutters 2018, Sewer line inspected and cleaned 2018, New Mini-splits 2018 and surge protectors 2024 throughout, refreshed hallways (2020) Unit A: Fully renovated kitchen, bathroom, and appliances (2020); new fridge (2024); new dryer (2024); new outdoor mini split compressor (2024); Unit B: New sink, vanity, and water heater (2020); new range (2022); Unit C: New range (2021); new fridge (2023); bathroom renovation (new vinyl, vanity, sink, and hardware) (2023); all new paint (2023); removal of kitchen electric wall heater (2024). This corner lot has off-street parking for 2 or more cars, plus ample parking on Montrose. City alley access as well. Nearly zero vacancy. Rents easily!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,537
Year Built
- Built in 1925
Home Design
- Poured Concrete
Interior Spaces
- 1,760 Sq Ft Home
- Wood Flooring
Laundry
- Dryer
- Washer
Schools
- Summit Elementary School
- Walker & Buford Middle School
- Charlottesville High School
Additional Features
- 6,098 Sq Ft Lot
- Heat Pump System
Community Details
- Belmont Subdivision
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for water/sewer
- Assessor Parcel Number 590038000
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/27/2025 03/27/25 | Sold | $725,000 | -6.5% | $412 / Sq Ft |
| 02/20/2025 02/20/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | For Sale | $775,000 | -- | $440 / Sq Ft |
Source: Charlottesville area Association of Realtors®
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,409 | $442,600 | $93,900 | $348,700 |
| 2023 | $4,146 | $424,400 | $85,400 | $339,000 |
| 2022 | $3,589 | $366,400 | $81,300 | $285,100 |
| 2021 | $3,140 | $322,900 | $70,700 | $252,200 |
| 2020 | $3,107 | $319,500 | $67,300 | $252,200 |
| 2019 | $3,107 | $319,500 | $67,300 | $252,200 |
| 2018 | $1,082 | $220,300 | $60,300 | $160,000 |
| 2017 | $1,678 | $169,000 | $46,400 | $122,600 |
| 2016 | $1,603 | $161,200 | $42,200 | $119,000 |
| 2015 | $1,531 | $161,200 | $42,200 | $119,000 |
| 2014 | $1,531 | $161,200 | $42,200 | $119,000 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $247,500 | New Conventional | |
| Closed | -- | Purchase Money Mortgage |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $725,000 | Stewart Title Guaranty Co | |
| Grant Deed | $330,000 | Stewart Title Guaranty Co | |
| Deed | $130,400 | -- |
Source: Public Records
Similar Homes in Charlottesville, VA
Source: Charlottesville area Association of Realtors®
MLS Number: 660594
APN: 590-038-000
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