1704 Old Brook Rd - 1700 & 1704 Old Brook Road

Welcome to 1700-1704 Old Brook Road, a unique investment opportunity nestled in the heart of Albemarle County's Urban Area. This expansive property boasts two distinct residences - a stately brick home in need of complete renovation and a separate cottage, which could be renovated, used for an accessory building or rental, but also needs a complete renovation. These two homes are situated on an impressive 7.9-acre lot. Listed at $875,000, this property presents endless potential for the discerning Investor. This property is great for the contractor client or investor to rehab and rent these two homes.
The main residence offers three bedrooms and two bathrooms spread across a generous 2544 square feet of living space. The secondary cottage has 754 square feet and mirrors the need for renovation and TLC of the main house. The cottage offers additional accommodation or rental income possibilities. With the shortage of an inventory of homes in our area, this investment provides an exciting canvas for those seeking to customize their new investment or create an attractive rental proposition.
This vast property is zoned R-2 which allows less lot space and road frontage than a normal rural lot and uniquely provides an optional benefit from the ability to seek a special use permit that allows for diverse applications such as a Church or Day Care/Assisted Living Facility. A savvy investor might also consider surveying off one or two extra lots within the sprawling acreage, subject to the limitations imposed by the local lot requirements for division.
Location is key with this versatile listing. Conveniently located on a local secondary state highway, nestled in the streets of the Raintree area, it offers easy access to shopping amenities and is just a short drive from downtown Charlottesville. Despite its central location, privacy is not compromised; the property enjoys seclusion thanks to its substantial lot size.
Charlottesville itself offers an array of amenities including top-rated schools, vibrant arts scene, historical sites, gourmet restaurants and wineries. Outdoor enthusiasts will appreciate the nearby hiking trails and parks while city dwellers will enjoy the dynamic urban atmosphere that downtown Charlottesville provides.
In addition to public water supply, there are no Homeowners Association restrictions attached to this property further enhancing its appeal as an investment opportunity.
Whether you're seeking an investment prospect, looking for properties with potential for rehabilitation or desiring large private residence close to urban conveniences, 1700-1704 Old Brook Road could be your perfect match.