908 Page St, Charlottesville, VA 22903

This is an exceptional investment property with a potential cap rate on investment of 7%. When end of year gains are taken into consideration, the overall return on investment can be 30%. The building is a renovated triplex with two, 3 bedroom units, and 1 two bedroom unit. It is within a short walking distance to UVA's hospital and campus. It is fully rented and is scheduled to generate rents of $3,200 per month by 3/19, and All utilities are paid for by renters. The lot size is 13,678 feet and it has plenty of off-street parking for all units. The property is located in a rapidly growing area where turnover value of properties, and increases in rents are rising at rates higher than most of Charlottesville.