MULTIFAMILY INCOME PRODUCING PROPERTY
--Carlton House is an established income
producing property, providing needed low
income housing in the Downtown Charlottesville
and Belmont neighborhoods. Its features
include nine bedroom suites each with a full
bathroom, two common area kitchens and living
rooms, a laundry room, and an office space
which can be easily converted into an additional
bedroom suite.
--With an asking price at $479,900.00, and 10
bedroom suites, Carlton House produces a 9%
CAP Rate. The property enjoys a high
occupancy rate and is easily managed. Located on a major municipal bus line, Carlton House
provides affordable and convenient housing for both long-term and short-term residents.
--Carlton House is an affordable investment property with both short-term and long-term upside
potential.
--Commercial Zoning (B-3).
LISTED BY
Keller Williams Realty - Commercial Division
1885 Seminole Trail
Charlottesville, Virginia 22901
Carolyn Betts, CCIM
434-242-3336
BettsCCIM@kwcommercial.com
Peter Skoro, Associate Broker
434-566-0987
peter@peterskoro.com