Wonderful investment property in the heart of Belmont, tree lined streets and a fabulous restaurant scene. Large house has 3 separate apartments, all units have private entrances, their own electric meters and outdoor space. PLUS a custom built COTTAGE tucked on the back of this large landscaped lot, a total of 4 rentals. Live in the cottage and have 3 rentals, or remodel to a single family and keep cottage as rental. Cottage and two apartments are currently Furnished short term rentals (NOT Airbnb's) Tenants are travel nurses, UVA & working professionals. leases on Furnished have minimum of 90 day leases. New owners could turn all rentals into standard 12 month leases once existing leases expire. One water/sewer meter for the property, average water is $140-$150/month total for all the units. All leases convey and all furnishings in furnished units/cottage convey. There are 3 off street parking spots. Great location in Belmont, quiet street. Property has been well maintained, new roof on large main house July 2026, has an excellent rental history, never any vacancies. Premium location in Belmont!
Based on the average sale price from the Harrisonburg, VA office
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Default based on a 30-year fixed rate of 6.49% 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.
Mortgage calculator provided courtesy of Inside Real Estate.
207 Douglas Ave Charlottesville, VA is a Single Family Home for sale at $1035000 with 2777 sqft and a lot size of 0.2 Acres Acre(s). 207 Douglas Ave Charlottesville has 6 bedrooms, 4 baths and was built in 1945. The property's zip code is 22902 which is in Charlottesville, VA
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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.
Mortgage calculator provided courtesy of Inside Real Estate.
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