Property Description

Great investment property on a quiet tree lined street in the heart of Belmont. Property sits on a larger level landscaped lot, with off street parking all just a few minutes walk to 9 popular Belmont Restaurants. A quick 10 minute walk to the DT mall, IX park, Farmers Market, Belmont Park. This well maintained property consists of a large house with 3 apartments, PLUS a custom built one bedroom cottage tucked on the back of the lot. Rentals all offer great privacy for tenants each one has private entrances and porches. All the rentals have their own washer dryers, no units share mechanicals/systems all have separate electric meters. One water/sewer meter for property. Property is zoned R-B with the city, according to city this property can have up to 6 units By-Right. New owner could live in the cottage and have 3 income producing units right away as all units are rented. 3 of the 4 rentals are rented as furnished rentals, 1 of the 4 is currently an unfurnished rental. A new owner can continue with some furnished or turn them all into 12 month unfurnished rentals. These are not Airbnbs, the furnished are curently rented for a MINIMUM of 30 days or longer, tenants have been travel nurses or UVA professionals, retirees.

Property Features

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