Sotheby's International Realty® Listing
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    6414 Jefferson Mill Rd
    Scottsville, Virginia, 24590
    United States
    6414 Jefferson Mill Rd Scottsville, Virginia, 24590 United States
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    6414 Jefferson Mill Rd
    Scottsville, Virginia, 24590 United States

    Daniel Heider
    Listing image
    Listing image

    Property details

    • Property type

      Single Family Homes

    • Status

      Available

    • Year Built

      2011

    • property taxes

      $3,951/Year

    6414 Jefferson Mill Rd

    *** Please view the Offering Memorandum in the Documents tab for additional information*** Introducing a unique opportunity to purchase an established, income-generating rental community of seven single-family homes on individual parcels in Albemarle County totaling 168 acres. Minutes from the Tasting Room & Tap House at Mount Ida Reserve and downtown Scottsville, the Farms at Jefferson Mill is a beautiful neighborhood of colonial homes situated over 250 acres of rolling hills with extensive road and river frontage. The homes are thoughtfully constructed with similar footprints for easy management. Each home occupies its own platted, 20-acre lot and boasts hardi-plank siding, 2,100 square feet of living space, 4 bedrooms, 2.5 baths, attached 2 car garage, 20 x 12 deck and an 1,100 square foot unfinished walk-out basement roughed in for an additional bedroom and bathroom. In addition to the existing homes, the assemblage offers four additional buildable lots plus another 12 development rights on the remainder of the acreage for a total of 16 additional homes that can be constructed by-right. Existing infrastructure (underground electric and fiber) are in place. The entirety of the opportunity at The Farms at Jefferson Mill, which includes nine total single-family homes currently generates approximately $277,000 of rental income annually. With the opportunity at 6414 Jefferson Mill Rd, a grouping of seven of these consecutive homes are offered, which generate $202,000 pro forma rent. Additional by-right developments offer extensive upside for a rarified investment opportunity.

    Amenities & Features

    • Listing Details
      • Property ID
        5LV52M
      • MLS#
        VAAB2000306
      • Property type
        Single Family Homes
      • Marketed By
        TTR Sotheby's International Realty
      • Status
        Available
      • Listing Price
        $4,995,000
      • County
        Albemarle County
      • School District
        Albemarle County Public Schools
    • Utilities & Building
      • Year Built
        2011
      • property taxes
        $3,951/Year
      • cooling
        Central Air Conditioning
    • Interior
      • Full Bathrooms
        2
      • Partial Bathrooms
        1
      • Bedrooms
        4