Charlottesville Investment Properties | Rentals,Flips,Commercial & Land

Real Estate Investing In The Charlottesville Area

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Investment property demand in Charlottesville remains strong despite COVID and declining cap rates. Investors see the Charlottesville market as stable with a lot of upside for appreciation. Inventory for rentals like small multi-family properties are very low driving up prices and reducing investor cash flow potential. Charlottesville is currently seeing cap rates between 4-6% depending on the location and asset class. Class A properties in locations near the University of Virginia or the Charlottesville Downtown Pedestrian mall see caps around 4%. Class B properties needing some upgrades and being located just outside of the UVA area are currently trading at 5-6% cap rates.

Investors in the Charlottesville and Albemarle markets need to get creative to find residential investment opportunities. Inventory is very low, forcing investors to convert properties from commercial to residential use. Developers and investors are buying land to develop residential and multi-family properties. The Charlottesville office and retail market has taken a hit with more people working remotely and some businesses needing to regroup. This creates the opportunity for investors to repurpose retail and office space into residential apartments.

Local zoning offices in Charlottesville and Albemarle remain behind in processing building permits. This has increased developer carrying costs and time frames for construction. Local contractors remain backlogged and very busy with most 6 months to 2 years out for new projects. Slow permitting, busy contractors and supply chain issues are changing the way investors look at the Charlottesville and Albemarle markets. Today the investment mindset is long term hold with few investors looking for short term deals.

REAL ESTATE AS AN INVESTMENT

Making the choice to invest in residential real estate is an excellent way to diversify and grow your net worth, if it is done correctly. Besides providing a steady cash flow and amazing tax benefits, investing in real estate also provides a sense of security that is simply unmatched in other investments. Real estate is ever-accessible, appreciable, depreciable, leverageable, improvable, deductible, deferrable and stable; however, for you as an investor, the most important thing real estate can be is rentable.

BUYING RENTAL PROPERTIES

At Town Realty, we understand the rental property business from an investor’s perspective, and we have the tools you need to be successful in your pursuits. Our goal is to find you an excellent investment that promises a positive return in every area. Best of all, our team is prepared to help you every step of the way. At Town Realty we believe real estate to be the most “able” investment in today’s economy, and our proven processes lead to amazing results.

WE ARE AGENTS AND INVESTORS

With Town Realty, you are not just dealing with just a residential realtor, we are also active investors in multiple Charlottesville rental properties and have been successful in “flipping” local properties. Our Realtors will use our experience to focus on an immediate equity gain upon the acquisition of a rental property. This goal is put in place to ensure sufficient cash flow to sustain the returns you need for success. Additionally, our agents are ready and willing to help you select the right piece of real estate for your needs, as well as one that is sure to appeal to the rental market of Charlottesville at large.

HIGHER EXPECTATIONS FOR A REAL ESTATE AGENT

We always work to meet both your short-term and long-term financial needs during the acquisition process. Besides considering the base price of the property, our knowledgeable Realtors also look at things such as property taxes, maintenance costs and other factors that impact your initial investment into the residence. Further, Town’s Realty ability to provide advanced financial projections based on current market trends allows you to see the big picture before purchasing a property. This is an invaluable tool that ensures success and meets our goal to help you become a sophisticated investor and grow your financial wealth.

Whether you seek your first investment property or you are looking to expand your existing portfolio, Town’s Realty resources are unmatched. With lenders, contractors and property managers in our network, all of the information you need is at your fingertips. We share the fundamental truths of real estate investment with our clients, and we are happy to share the models that schooled investors use; together, these factors allow even novice investors to feel comfortable with the process. For seasoned real estate investors, Town’s Realty advanced analytics help you target lucrative properties in niche markets – a precious tool for the continued growth of an investment business. The unrivaled tax benefits of depreciations, deductions and exchanges await in Charlottesville’s rentable real estate market, and with Town’s Realty help, your success is immanent.

OPPORTUNITIES IN THE CHARLOTTESVILLE AREA: STUDENT RENTALS

When it comes to the rental market in Charlottesville, options are bountiful. This town is largely based around the University of Virginia, and as such, there is a high need for residential rentals to accommodate students. There are just under 24,000 students enrolled at UVA, and of this number, approximately 41 percent live on the campus. While there are some students that live at home in the area, this leaves a significant portion of the student body that is in need of off-campus rental housing. This factor alone presents a huge opportunity for the area’s real estate investors. Further, the stability of the university means that there will always be a steady flow of students – and even faculty members – looking for affordable rental housing in the University region.

Investors looking at neighborhoods around the UVA campus have numerous property options, including single-family homes, townhouses and even apartment complexes.

LIVABILITY AND A STRONG ECONOMY

Students are just one sector of the rental market in the greater Charlottesville area. This region is known for its livability, and, in fact, has received numerous accolades, including the “Most Exciting Place in Virginia” by Movoto Real Estate, the “Best College Town in America” by Traveler’s Today, one of the “Top 100 Places to Live” by Livability.com, one of “America’s Favorite Mountain Towns” by Travel + Leisure Magazine, and the list goes on. The draw of Charlottesville is undeniable, and this brings in a steady flow of new residents on a regular basis. Budding professionals and families are drawn to the stable work environment and ever-changing environment Charlottesville presents, while retirees are drawn to the scenic beauty and easy lifestyle offered by Charlottesville and Albemarle County. The great variety of residents, and the options they seek, means excellent things for the rental market in the greater Charlottesville area.

INVESTING OUTSIDE OF THE CITY

The investment properties do not end at the city lines, and renters are bountiful throughout the 29 North region, as well. In 29 North, the beauty of the country combines with fantastic access to surrounding communities and a number of the county’s most prominent employers. Big-name retailers and local shops provide employment options in the retail sectors; however, the major draws for the area include General Electric, the Defense Intelligence Agency and the National Ground Intelligence Center. There is also an airport in town that provides opportunity for residents.

Where there is employment there are incoming residents, and this gives you as a real estate investor a great chance to build your portfolio in a different, less-dense region of Albemarle County. Town’s Realty expertise in Charlottesville’s specific market trends is just one of the ways that our Realtors help you in the investment property acquisition process. Overall, it is our commitment to excellence – both ours and yours – that allows success in each and every transaction.

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Residential

4Bedroom(s)
2Bathroom(s)
62Picture(s)
2,570Sqft
An exquisite residence nestled in the vibrant Greenbriar neighborhood in the city of Charlottesville, Virginia. This magnificent home offers an unparalleled combination of luxurious living, architectural elegance, and a prime location in one of the most sought-after neighborhoods in this area.
$685,000

99 BILTMORE DR, CHARLOTTESVILLE, Virginia 22901

Residential

5Bedroom(s)
5Bathroom(s)
33Picture(s)
2,642Sqft
Outstanding location off of Georgetown Rd. Close to UVA, schools and shopping. Rare 5 bedroom, 5 full bath home on corner lot of a small cul de sac street. Hardwood flooring, open kitchen, huge bonus room with cathedral ceilings. Owner suite has vaulted ceilings and large en suite bathroom.
$573,000

3384 MOUBRY LN, CHARLOTTESVILLE, Virginia 22911

Residential

3Bedroom(s)
2Bathroom(s)
25Picture(s)
1,237Sqft
Light filled and immaculately maintained 3 bedroom 2 bath ONE LEVEL LIVING DUPLEX with vaulted ceilings and windows galore! There are lovely native plants in an easy to maintain fenced in backyard with an attached garden shed and patio. The HOA takes responsibility for roofs, exterior painting and trim as well as yard maintenance, leaf removal and neighborhood maintenance.
$339,900

745 WALKER SQ, CHARLOTTESVILLE, Virginia 22903

Residential

1Bedroom(s)
1Bathroom(s)
10Picture(s)
625Sqft
Walker Square Condominium- Walk to UVA Hospital/Grounds or the Historic Downtown Mall. This location is ideal!. The space is open and inviting with high ceilings and oversized windows. The kitchen is spacious and offers a built-in wine rack and SS appliances (new microwave and newer refrigerator). The bedroom is spacious with a walk-in closet and attached full bathroom.
$259,000

1012 LOCUST LN, CHARLOTTESVILLE, Virginia 22901

Residential

3Bedroom(s)
2Bathroom(s)
45Picture(s)
1,488Sqft
Cute doesn’t begin to describe this home close to the Downtown Mall with quick access to 250, I-64 and the Rivanna Trail. Open floor plan perfect for entertaining: Great room has convenient gas log fireplace and opens to kitchen. This home offers a first-floor primary bedroom suite with tray ceiling, large walk-in closet and double vanity with granite countertop.
$495,000

3313 ARBOR TER, CHARLOTTESVILLE, Virginia 22911

Residential

3Bedroom(s)
2Bathroom(s)
36Picture(s)
1,470Sqft
Low maintenance living at its best. This townhome has a 1st floor primary suite with walk-in closet, tray ceiling and the primary bath is spacious with garden tub, shower and double sinks. The living room is spacious and has a gas fireplace and walks out to a nice, private patio space. The eat in kitchen is bright and spacious with plenty of cabinet and counter space and a nice pantry.
$339,000

161 LARKSPUR CT, CHARLOTTESVILLE, Virginia 22902

Residential

3Bedroom(s)
2Bathroom(s)
38Picture(s)
1,968Sqft
This is an exceptionally lovely and well maintained home. Current owners have made many improvements and upgrades that will impress you. Located just minutes from the downtown mall, UVA Medical Center and Grounds, I-64 and Fifth Street Station and nestled at the end of a cul-de-sac . Spacious kitchen with plenty of room to work and have others gather around.
$495,000

2107 ELM TREE CT, CHARLOTTESVILLE, Virginia 22911

Residential

4Bedroom(s)
3Bathroom(s)
37Picture(s)
2,256Sqft
Move in ready for quick possession! Directly across from NGIC campus. Like new construction built in 2020. 4 bedroom 3.5 bath, 1-car garage. LVP flooring throughout entire home. Gourmet kitchen with oversized island, granite counters, painted maple cabinetry, morning room leading to spacious rear deck.
$420,000

407 VALLEY ROAD EXT, CHARLOTTESVILLE, Virginia 22903

Residential

3Bedroom(s)
1Bathroom(s)
26Picture(s)
1,088Sqft
Very well maintained 3br unit Half of a duplex with n ice finishes and good flow.
$279,900

2084 ELM TREE CT, CHARLOTTESVILLE, Virginia 22911

Residential

3Bedroom(s)
2Bathroom(s)
30Picture(s)
1,720Sqft
This 3 bed, 2.
$350,000

4319 SCOTTSVILLE RD, CHARLOTTESVILLE, Virginia 22902

Residential

3Bedroom(s)
2Bathroom(s)
37Picture(s)
2,058Sqft
Beautiful southern Albemarle cottage and acreage, just 8 miles from Charlottesville, and occupying a commanding hilltop setting with gorgeous views over neighboring farms and estates to the mountains beyond. The one-story home has the charm and character of a 100-year-old house but has been comfortably modernized and updated for 21st century living. Renovated bathrooms.
$525,000

95 GEORGETOWN GREEN, CHARLOTTESVILLE, Virginia 22901

Residential

3Bedroom(s)
2Bathroom(s)
61Picture(s)
1,879Sqft
OPEN HOUSE Sunday June 11th, 1-3 pm. Our 3 bedroom, 2 bath and 2 half bath end of row townhome home is vacant, freshly painted and has new laminate flooring in the basement. The carpets have just been deep cleaned, but you may want LVP anyway! TING with a 1 Gig speed, is available.
$324,900
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