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Updated over 1 year ago on . Most recent reply
THE IVY COTTAGES
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $1,800,000
Cash invested: $120,000
Converting a mid 1900's motel consisting of 8 individual 1 bed 1 bath cottages and a main residence into a premier STR hub outside of Charlottesville Virginia. Each cottage consists of white wash brick exterior with copper finishes. The interior consists of vaulted ceilings, a full kitchen with dish washer and cooktop. Tastefully furnished and perfectly situated in between the buzzing town of Charlottesville & Crozet Wine Country this will be the VA travelers destination stay.
Most Popular Reply
Hi Margaret, we have a couple 5 BR STRs in the Charlottesville area. We are finding that there is now a flood of Air BnBs coming online in Ch-ville / Crozet. Be sure you double check your projections