New Exclusive Listing
217 5th St Sw, Charlottesville, VA 22903
Fantastic chance to own an Historical property and convert to AirBnB at 217 5th St SW with a total of 6 units. Build your own parking garage! Or use current zoning for an owner to occupy 1 unit and rent out other 5 units (grosses about $63,300 annual income). Most systems in units, and roofs, are less than 10 years old. City has been talking with owner to change zoning to higher density, so may be an opportunity to add more units or take down the rear current buildings and build new condo complex similar to neighboring property at 215 5th St SW. Verify info with City before counting on your business plans to work. One of the buildings (the 2 story one in front) is in historical registry – what a great opportunity to own a piece of history!
