Homes for sale - 3500 SUNSET LODGE CT, Charlottesville, VA 22903

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William Mercogliano III

themercteam@gmail.com +1(856) 472-9836

Listed by MAGGIE HOLLOWAY • CORE REAL ESTATE PARTNERS LLC

$3,250,000

Est. payment - /mo

2.49 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Subdivision Unknown

MLS Listing ID 656728

Style Other

HOA Y/N N

Year Built 1938

Annual Tax Amount $16,165

Tax Year 2024

Lot Size 2.490 Acres

Acres 2.49

Property Sub-Type Other

Source CAAR

Property Description

Introducing a one-of-a-kind investment opportunity located in the coveted Ivy, VA. Ivy Cottages, formally known as 'The Sunset Lodge Dining Room and Motel' was founded in the early 1900s. This property features 10 thoughtfully designed 1-bedroom, 1-bath units with fully equipped kitchens. Five of these units are fully renovated, turnkey, and currently renting. Two of the 8 cottages are shells awaiting creative renovation (architectural plans available). The main house, currently under renovation, is centrally located on the property. It includes 1,800+- sqft of versatile space on the main level suitable for events or office use. The upper level features two additional 1 bedroom 1-bath units. Conveniently positioned near Charlottesville, UVA, Crozet, and the Monticello Wine Trail, this offering presents a rare opportunity to acquire 10 income producing units in one of the most sought after areas in Central, VA.

Location

State VA

County Albemarle

Zoning RA

Interior

Heating Heat Pump(s)

Cooling Central A/C

Fireplace N

Exterior

Accessibility None

Road Frontage Private

Garage N

Building

Foundation Block, Slab

Sewer Septic Exists

Water Well

Architectural Style Other

New Construction N

Schools

Elementary Schools Murray

Middle Schools Henley

High Schools Western Albemarle

School District Albemarle County Public Schools

Others

Ownership Other

Special Listing Condition Standard

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William Mercogliano III

+1(856) 472-9836

Broker Associate | License ID: 0893537

Broker Associate License ID: 0893537

3500 SUNSET LODGE CT Charlottesville, VA 22903

William Mercogliano III

Key Details

Location

Interior

Exterior

Building

Schools

Others

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