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Listed by MAGGIE HOLLOWAY • CORE REAL ESTATE PARTNERS LLC
$ 3,250,000
Est. payment | /mo
2.49 Acres Lot
$ 3,250,000
Est. payment | /mo
2.49 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Unknown
MLS Listing ID 656728
Style Other
HOA Y/N N
Originating Board CAAR
Year Built 1938
Annual Tax Amount $16,165
Tax Year 2024
Lot Size 2.490 Acres
Acres 2.49
Property Sub-Type Other
Property Description
Introducing a one-of-a-kind investment opportunity located in the coveted Ivy, VA. Ivy Cottages, formally known as 'The Sunset Lodge Dining Room and Motel' was founded in the early 1900s. This property features 10 thoughtfully designed 1-bedroom, 1-bath units with fully equipped kitchens. Five of these units are fully renovated, turnkey, and currently renting. Two of the 8 cottages are shells awaiting creative renovation (architectural plans available). The main house, currently under renovation, is centrally located on the property. It includes 1,800+- sqft of versatile space on the main level suitable for events or office use. The upper level features two additional 1 bedroom 1-bath units. Conveniently positioned near Charlottesville, UVA, Crozet, and the Monticello Wine Trail, this offering presents a rare opportunity to acquire 10 income producing units in one of the most sought after areas in Central, VA.
Location
State VA
County Albemarle
Zoning RA
Interior
Heating Heat Pump(s)
Cooling Central A/C
Fireplace N
Exterior
Accessibility None
Road Frontage Private
Garage N
Building
Foundation Block, Slab
Sewer Septic Exists
Water Well
Architectural Style Other
New Construction N
Schools
Elementary Schools Murray
Middle Schools Henley
High Schools Western Albemarle
School District Albemarle County Public Schools
Others
Ownership Other
Special Listing Condition Standard
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