1122 Preston Ave Unit A-B Charlottesville, VA 22903
Barracks-Rugby NeighborhoodEstimated payment $6,436/month
Highlights
- Main Floor Primary Bedroom
- Concrete Block With Brick
- Forced Air Heating and Cooling System
- Charlottesville High School Rated A-
About This Home
This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 11 bedrooms and 11 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 for both buildings. 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. 1124 Preston Ave is for sale as well, both properties can be bought together in a combo deal.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,832
Year Built
- Built in 1935
Lot Details
- 0.38 Acre Lot
- Property is zoned R-2 (Two-Family) Residential
Home Design
- Concrete Block With Brick
Interior Spaces
- 5,921 Sq Ft Home
- 2-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 11 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- 11 Full Bathrooms
- Primary bathroom on main floor
Schools
- Jackson-Via Elementary School
- Walker & Buford Middle School
- Charlottesville High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
Listing and Financial Details
- Assessor Parcel Number 030073A00
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,297 | $644,900 | $117,000 | $527,900 |
| 2023 | $6,021 | $609,200 | $106,400 | $502,800 |
| 2022 | $5,699 | $575,600 | $96,700 | $478,900 |
| 2021 | $5,260 | $535,500 | $92,100 | $443,400 |
| 2020 | $5,060 | $514,400 | $92,100 | $422,300 |
| 2019 | $5,058 | $514,200 | $73,700 | $440,500 |
| 2018 | $2,148 | $434,100 | $67,000 | $367,100 |
| 2017 | $3,832 | $385,200 | $51,500 | $333,700 |
| 2016 | $3,695 | $370,800 | $46,800 | $324,000 |
| 2015 | $3,523 | $370,800 | $46,800 | $324,000 |
| 2014 | $3,523 | $370,800 | $46,800 | $324,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/28/2025 04/28/25 | For Sale | $1,050,000 | -- | $177 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | -- | |
| Deed | $525,000 | -- |
Source: Charlottesville area Association of Realtors®
MLS Number: 663807
APN: 030-073-A00
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