6414 Jefferson Mill Rd, Scottsville, VA 24590

$4,995,000
4
BD
3
BA
2,100
SqFt
List Price
$4,995,000
Days on Market
100
Status
ACTIVE
MLS#
VAAB2000306
Bedrooms
4
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
2,100
Lot Size (Acres)
25.28
Style
Other
Year Built
2011
County
Albemarle
School District
Albemarle County Public Schools

Property Description

*** Please view the Offering Memorandum in the Documents tab for additional information*** Introducing a unique opportunity to purchase an established, income-generating rental community of seven single-family homes on individual parcels in Albemarle County totaling 168 acres. Minutes from the Tasting Room & Tap House at Mount Ida Reserve and downtown Scottsville, the Farms at Jefferson Mill is a beautiful neighborhood of colonial homes situated over 250 acres of rolling hills with extensive road and river frontage. The homes are thoughtfully constructed with similar footprints for easy management. Each home occupies its own platted, 20-acre lot and boasts hardi-plank siding, 2,100 square feet of living space, 4 bedrooms, 2.5 baths, attached 2 car garage, 20 x 12 deck and an 1,100 square foot unfinished walk-out basement roughed in for an additional bedroom and bathroom. In addition to the existing homes, the assemblage offers four additional buildable lots plus another 12 development rights on the remainder of the acreage for a total of 16 additional homes that can be constructed by-right. Existing infrastructure (underground electric and fiber) are in place. The entirety of the opportunity at The Farms at Jefferson Mill, which includes nine total single-family homes currently generates approximately $277,000 of rental income annually. With the opportunity at 6414 Jefferson Mill Rd, a grouping of seven of these consecutive homes are offered, which generate $202,000 pro forma rent. Additional by-right developments offer extensive upside for a rarified investment opportunity.

Additional Information

Subdivision
Mount Ida
Taxes
$3951
School District
Albemarle County Public Schools
Heating
Heat Pump(s)
Heating Fuel
Central
Cooling
Central A/C
Water
Well
Sewer
No Sewer System
Basement
Yes

Mortgage Calculator

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Listing courtesy of TTR Sotheby's International Realty. Contact: