Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
1210 Cherry Avenue
Charlottesville, VA 22903
Asking Price
$499K
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
Redevelopment Opportunity <p><strong>By-right density</strong> — up to 6 units per lot (12 with affordability bonus) under Charlottesville's 2024 Development Code; no rezoning or special exception required to develop by-right.</p><p><strong>Oversized corridor lot</strong> — 0.22 acres (~9,583 SF), roughly 3x the typical Cherry Avenue parcel, supporting a meaningful unit count after setbacks.</p><p><strong>No parking minimums</strong> — off-street parking requirements eliminated citywide, lowering build cost and freeing u
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
16.03%
DSCR
2.70
Strong
Cash-on-Cash
33.65%
Monthly Payment
$2,468.78
Annual Cash Flow
$50,374.643
