This property to be sold via simulcast auction by Double A Auction & Realty VAAL #1011 on April 24, 2025 at 11AM. Listing price is opening bid. No pre-auction offers. Terms are 10% buyer's premium; $5,000 NON REFUNDABLE due on day of sale from high bidder, and balance due in… Read More 45 days. Financing ok but NO CONTINGENCIES. Sale subject to seller confirmation. Potential bidders can schedule appointment for viewing or inspections prior to sale day. Buyers to register at auctioneer's website. Property to be sold as is. Unlock the potential of this prime Charlottesville property! The offering is for two tax parcels at 128-130 Summit Street presenting an exceptional redevelopment opportunity in a sought-after location, ideal for multifamily development or other creative uses. Property Highlights: Strategic Location: Situated in a desirable Charlottesville neighborhood, this property offers convenient access to the University of Virginia, downtown amenities, and major transportation routes. Development Potential: Zoned for potential multifamily use, this property offers a blank canvas for investors and developers to create a lucrative residential project. Spacious Lot: The generous lot size provides ample space for a variety of development concepts, including townhomes, apartments, or a mixed-use project. Value-Add Opportunity: Bring your vision and expertise to transform this property into a thriving asset in the Charlottesville real estate market. Ideal for: Developers seeking a prime location for a multifamily project Investors looking for a value-add opportunity in a growing market Builders eager to create high-quality housing in a desirable area Don't miss this chance to capitalize on a prime redevelopment opportunity in Charlottesville! Read Less
Courtesy of Andy Austin, Afton Grove Associates, LLC [email protected]
Listing Snapshot
Days Online
86
Last Updated
Property Type
Single Family Residential
Beds
2
Full Baths
1
Square Ft.
675
Lot Size
0.6 Acres
Year Built
1946
MLS Number
VACO2000152
30 Days Snapshot Of 22903
$1,009k
+49%
(avg) sold price
20
+42%
homes sold
31
-29%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
675 sqft living area, 675 sqft above grade (finished), Built in 1946, Structure Type: Detached, Single level building, 1 levels, Bungalow, Cottage, Block
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