Charlottesville Investment Properties | Rentals,Flips,Commercial & Land

Real Estate Investing In The Charlottesville Area

Table Of Contents :

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.

Featured Listings

Sort Option
  • Listing ID
  • Built up Area
  • Price
  • Pictures
  • Add date
  • Featured
Grid
List

Residential

6Bedroom(s)
6Bathroom(s)
39Picture(s)
8,794Sqft
Sited beautifully amongst massive oak trees, this dazzling home enjoys incredible views of rolling hills & the mountains beyond, to the front and rear of the residence. The centerpiece of the interiors is a great room that soars to 31 feet with walls of glass to take in the views. Other ceilings are 10-11ft. Dramatic stone & tile selections throughout.
$4,975,000

108D MARSAC ST, CHARLOTTESVILLE, Virginia 22901

Residential

3Bedroom(s)
2Bathroom(s)
26Picture(s)
1,912Sqft
LAST CHANCE!! Hurry in to secure the FINAL HOMESITE At Berkmar Overlook! This brand new Villa offers maintenance-free main-level living with a 2-car garage! This Caroline Floorplan boasts an open-concept main level with a spacious 1st floor owner’s suite, open great room and gourmet kitchen featuring a large island, granite countertops, stainless steel appliances, and luxury vinyl plank floo
$409,990

301 2ND ST, CHARLOTTESVILLE, Virginia 22902

Residential

2Bedroom(s)
2Bathroom(s)
52Picture(s)
1,140Sqft
Beautiful condo located one block from Charlottesville's historic downtown mall, adjacent to McGuffey Art Center and McGuffey Park. A short stroll to restaurants, theater, entertainment, shopping and more. Located in a prime south facing location away from busy streets, this end unit townhouse condo boasts a Karen Turner designed kitchen, fireplace and covered parking.
$525,000

819 WESLEY LN, CHARLOTTESVILLE, Virginia 22911

Residential

2Bedroom(s)
2Bathroom(s)
18Picture(s)
1,675Sqft
This is the very last available Tessa at Brookhill Commons. Our unique and exciting 2 over 2 condominiums are the first of their kind to be offered in Charlottesville Wake up to coffee in the morning or a delightful glass of wine in the evening on your 2nd floor balcony. A spacious and well appointed Kitchen serves as the command center for all your delicious meal and entertaining needs.
$351,985

52A REDBUD LN, CHARLOTTESVILLE, Virginia 22911

Land

4Picture(s)
2.05Acre
Just 4 miles from Pantops off scenic Rt 20. This 2-acre property is the last remaining lot in the quiet Subdivision of Redbud Hills. Ideal for a walkout basement. Soil Feasibility study in hand. Don't miss this opportunity to customize your dream home with an award-winning local builder that is known for meticulous attention to detail.
$124,900

2495 REDBUD LN, CHARLOTTESVILLE, Virginia 22911

Residential

4Bedroom(s)
2Bathroom(s)
22Picture(s)
2,516Sqft
Just 4 miles from Pantops off scenic Rt 20. This 2-acre property is the last remaining lot in the quiet Subdivision of Redbud Hills. This home features 2,516 square feet and the potential to complete 1,300 additional sqft in the basement. Don't miss this opportunity to customize your dream home with an award-winning local builder that is known for meticulous attention to detail.
$929,900

5382 SCOTTSVILLE RD, CHARLOTTESVILLE, Virginia 22902

Land

18Picture(s)
35.60Acre
Now is the perfect time to walk these parcels! Looking to build a getaway rustic cabin or a full time residence these 2 parcels have a lot to offer. The Land consists of 2 parcels for a total of 35.6+/- acres, Elevated land with creek frontage, wildlife and strong spring only 10 miles from I-64. Very Private and some nice timber.
$225,000

2289 BROWNS GAP TPKE, CHARLOTTESVILLE, Virginia 22901

Residential

6Bedroom(s)
4Bathroom(s)
75Picture(s)
4,727Sqft
Stunning, completely renovated Post & Beam home on 10.5 acres with bold Blue Ridge views! Flawless upgrades & renovations have taken this exceptionally well-built, architectural gem to a matchless level of style & quality.
$1,975,000

2527 HYDRAULIC RD, CHARLOTTESVILLE, Virginia 22901

Residential

2Bedroom(s)
1Bathroom(s)
16Picture(s)
856Sqft
Our 2 bedroom, 1 bath home is on the main level in popular Solomon Court. The unit blocks are brick built in 1969 and we have oak floors in our well maintained home. The back yard is fenced for privacy and we have a patio area and a storage shed. The monthly condo fees cover basic cable, gas for heat and cooking, hot water, water/sewer, parking & trash pickup.
$179,900

3600 DICK WOODS RD, CHARLOTTESVILLE, Virginia 22903

Residential

4Bedroom(s)
3Bathroom(s)
48Picture(s)
3,450Sqft
This St Charles is an extremely versatile plan with dual master suites and great open living areas with an abundance of natural light. Ivy Ridge will consist of 6 subdivided rural lots in the heart of Ivy with great access to 64. This elevated home site has great views and a usable yard. This design features dual laundry facilities, a great home office and bonus room above the garage.
$1,098,000

1 FAIRHILL MOUNTAIN VIEW, CHARLOTTESVILLE, Virginia 22903

Residential

4Bedroom(s)
3Bathroom(s)
40Picture(s)
2,915Sqft
Last opportunity in Fairhill Mountain Estates! Introducing the Newport on an elevated, 6.35 acre, private wooded homesite. The One Level Living Newport to be built by Craig Builders with a finished Bonus Room and full bath.
$1,149,900

1051 GLENWOOD STATION LN, CHARLOTTESVILLE, Virginia 22901

Residential

3Bedroom(s)
2Bathroom(s)
39Picture(s)
1,525Sqft
Spotless, low maintenance condo convenient to all things Charlottesville! This beautiful home boasts gleaming hardwood floors, an impressive kitchen with cherry cabinets, granite counters, stainless steel appliances, gas range, and a large kitchen island. Off the kitchen you’ll find a dining area with access to a cozy balcony, living room, and half-bath.
$415,000
224 Results returned.Per Page