512 RIDGE ST, CHARLOTTESVILLE VA, 22902

Active

512 RIDGE ST

CHARLOTTESVILLE VA, 22902

$1,125,000

$744.54 per sqft

Active

4 Beds

2 Baths

1,511 sqft

Multi-family

Built in 1957

Fantastic Development/Investment Potential currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. With the new zoning in place in 2024, the development plan should potentially allow for 13 luxury townhomes or about 30 apartments. Architect plans for the homes and the site plan are available upon request.

582158

MLSⓇ ID

October 4, 2018

Listed

April 30, 2024

Updated

Map

512 RIDGE ST
CHARLOTTESVILLE VA, 22902

Interior Features

Bedrooms: 4
Total Bathrooms: 2
Fireplace: No
Cooling: No
Heating: Yes
Heating Description: Forced Air, Heat Pump, Natural Gas

Exterior/Building Features

Lot Size: 1 Acre
Roof: Composition Shingle
Sewer: Public Sewer

School Information

School District: 2 Bed Apt
High School: Charlottesville
Elementary School: Clark

Other Property Details

Area Name: Charlottesville
Taxes: $7,000
Tax Frequency: Annually
Days on Market: 1975
Garage: No
View: No
County: Charlottesville
Water Source: Public Water
Pool: No
Zoning: R-2 Two Family Residential

Courtesy of TIM CARSON with REAL ESTATE III - NORTH
Listing Contact: 434-218-0043

Based on information from Charlottesville Area Association of REALTORS® as of 4/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.