Multifamily
101 Westerly Avenue
101 Westerly Ave, Charlottesville, VA 22903
Listing Price: $795,000
Cap Rate
6.22%
Number of Units
2
GRM
11.48
Occupancy
100.0%
Price/Unit
$397,500
Investment Overview
Marcus & Millichap is pleased to offer to qualified investors the opportunity to acquire 101 Westerly Avenue, located in the heart of Charlottesville, VA.
Investment Highlights
- 2-Unit Duplex Located 2-minutes From University Of Virginia In Charlottesville, Virginia.
- The Property Had Major Renovations In 2019 Such As New Windows, Roof, Siding, Flooring, Kitchens, Bathrooms And HVAC
- Each Unit Is Comprised Of Four-Bedrooms And Two-Bathrooms With The Upstairs Unit Having Lofted Bedrooms With 12-foot Ceilings
- Turnkey Property With Minimal Deferred Maintenance Allowing A New Investor To Passively Collect Income
- Voted The 2nd Best Place To Live In Virginia, Charlottesville Has An Airport, Hospitals, Big Box Retail, And Entertainment. 101 Westerly Has Proximity To All Amenities And Opportunities Of The City, Along With Proximity To The University.
- Can Be Purchased Individually or As A Portfolio With 606 Gillespie And 2228 Center Avenue
Listing Price: $795,000
Cap Rate
6.22%
Number of Units
2
GRM
11.48
Occupancy
100.0%
Price/Unit
$397,500
Investment Highlights
- 2-Unit Duplex Located 2-minutes From University Of Virginia In Charlottesville, Virginia.
- The Property Had Major Renovations In 2019 Such As New Windows, Roof, Siding, Flooring, Kitchens, Bathrooms And HVAC
- Each Unit Is Comprised Of Four-Bedrooms And Two-Bathrooms With The Upstairs Unit Having Lofted Bedrooms With 12-foot Ceilings
- Turnkey Property With Minimal Deferred Maintenance Allowing A New Investor To Passively Collect Income
- Voted The 2nd Best Place To Live In Virginia, Charlottesville Has An Airport, Hospitals, Big Box Retail, And Entertainment. 101 Westerly Has Proximity To All Amenities And Opportunities Of The City, Along With Proximity To The University.
- Can Be Purchased Individually or As A Portfolio With 606 Gillespie And 2228 Center Avenue
Investment Overview
Marcus & Millichap is pleased to offer to qualified investors the opportunity to acquire 101 Westerly Avenue, located in the heart of Charlottesville, VA.