County/City: Albemarle

Subdivision: NONE

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 benefits

Property Details

Property Type: Detached

Acreage: 7.96

Taxes: $3716 as of 2024

Year Built: 1967

Pool: No

Garage: No

Exterior Details

Brick

Interior Details

Sq. Ft. Finished: 3298   Sq.Ft. Unfinished: 744

Bedrooms: 3

Full Baths: 2   Half Baths: 0

Basement: Yes

Fireplaces:

Cooling: Baseboard,Hot Water

Heating: None

School Details

Elementary School: Woodbrook

Middle School: Journey

High School: Albemarle

Listing Firm: REAL ESTATE III, INC., Contact information: 434-218-0043

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