3500 Sunset Lodge Ct, Charlottesville, VA 22903 (MLS # 656728)
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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.
| DAYS ON MARKET | 240 | LAST UPDATED | 4/22/2025 |
|---|---|---|---|
| TRACT | NONE | YEAR BUILT | 1938 |
| COUNTY | Albemarle | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| Elementary School | Murray |
|---|---|
| Jr. High School | Henley |
| High School | Western Albemarle |
| ADDITIONAL DETAILS | |
| AIR | Central Air, Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| HEAT | Heat Pump |
| LOT | 2.49 acre(s) |
| SEWER | Septic Tank |
| SUBDIVISION | NONE |
| TAXES | 16165.36 |
| UTILITIES | Cable Available |
| WATER | Private, Well |
| ZONING | RA Multifamily Zone |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with CORE REAL ESTATE PARTNERS LLC
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