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.
Property Type
Multi-FamilySubdivision
UnknownCounty
ALBEMARLEStyle
OtherAD ID
49450999
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Property Details
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Interior Features
Water/Sewer
- Water Source : Well
Heating & Cooling
- Cooling: Central A/C
- Heating: Heat Pump(s)
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Exterior Features
Building Information
- Year Built: 1938
- Structure: Other
- New Construction: No
- Total Units: 10
- Built: 1938
- Foundation/Basement: Block,Slab
- Architecture: Other
Utility Features
- Sewer: Septic Exists
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Property / Lot Details
Lot Information
- Lot Size (Acres): 2.49
- Architectural Style: Other
Property Information
- Subdivision: UNKNOWN
- Total Acreage: 2.49
- New Construction: No
- Type: Other
-
Listing Information
Listing Information
- Days Of Market: 49
-
Taxes / Assessments
Tax Information
- Annual Tax: $16,165
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Homeowners Association Information
- Direction: From downtown: Take 250W through Ivy, continue for 1.3 miles, property is on the left after you cross Tilman Rd.
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School, Utilities & Location Details
School Information
- Elementary School: MURRAY
- Middle OR Junior School: HENLEY
- High School: WESTERN ALBEMARLE
- School District: ALBEMARLE COUNTY PUBLIC SCHOOLS
Utility Information
- Water Source: Well
- Sewer: Septic Exists
Location Information
- Direction: From downtown: Take 250W through Ivy, continue for 1.3 miles, property is on the left after you cross Tilman Rd.
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BuyOwner last updated this listing 05/13/2025 @ 12:51
- MLS: 656728
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is for sale, it has 0 sqft, 0 sized lot, and 0 parking. are nearby neighborhoods.