4 Cherry Hill homes offered individually or as an investment package. Leased through Summer 2025. Super popular with UVA Medical and JAG. Near UVA Hospital, Campus and Downtown pedestrian mall. Luxury 3-level, 3-4 BR homes with 2 car detached garages and fenced rear courtyards! Two floor plans offered. Slight variations per home. Owner/Broker Licensed in Va. Recent zoning changes may allow for add'l income opportunities-verify. Strong rental history with steady stream of very qualified renters from UVA Hospital/JAG. Solid appreciation and annual rent increases. Homes often rent site unseen, within days of listing. Often, multi-year leases, from 2- 8 years. Super Location w subdivision green spaces, picnic tables, and walking trails. Nearby Smith Aquatic and Fitness Center, Ix Park, as well as 5th Street Shopping Ctr-Wegmans, Dicks, Panera, Alamo Drafthouse... Adjacent to Johnson Elementary. Easy I-64 access. Net ROI 9% (Income-Expenses, with depreciation). Add Historical appreciation 7.89% for a tremendous 16.89% return Each property owned by a different entity. Homes are occupied by tenants through Summer 2025. Lease extensions likely on some homes. Tenants pay HOA, covers landscaping/snow removal.,Granite Counter
Listed by:
Barrington Realty Llc
Source:
BRIGHT MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Sep 15, 2024 | 20 days ago | Price decreased948,000 (32%) | $2,002,000 |
Jul 5, 2024 | 3 mos ago | Price decreased500,000 (14%) | $2,950,000 |
Jun 16, 2024 | 4 mos ago | New on market | $3,450,000 |