3500 Sunset Lodge Ct
CHARLOTTESVILLE, VA 22903
- – beds
- – baths
- – sqft
- 1938 build
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.
Last checked:
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Last updated Apr 22, 2025
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MLS# 656728 —
The Building
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Year Built:1938
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Year Built Source:Estimated
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New Construction:No
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Construction Completed:No
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Building Units Total:10
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Structure Type:Other
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Architectural Style:Other
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Accessibility Features:None
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Foundation Details:Block, Slab
Interior
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Fireplace:No
Financial & Terms
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Sale Type:Standard
Location
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Directions:From downtown: Take 250W through Ivy, continue for 1.3 miles, property is on the left after you cross Tilman Rd.
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Latitude:38.06084555
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Longitude:-78.62157717
The Property
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Property Type:Multi-Family
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Property Subtype:Other
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Lot Size Acres:2.49
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Zoning:RA
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Zoning Description:Multifamily Zone
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Road Responsibility:Private
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Waterview:No
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Water Oriented:No
Listing Agent
- Contact info:
- Agent phone:
- (443) 752-5856
- Office phone:
- (434) 826-2118
Taxes
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Tax Year:2024
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Tax Annual Amount:$16,165.36
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling:No
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Cooling Type:Central A/C
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Central Air:Yes
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Heating:Yes
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Heating Type:Heat Pump(s)
Utilities
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Sewer/Septic:Septic Exists
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Water Source:Well
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Internet Services:Cable
Schools
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Elementary School:Murray
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Middle School:Henley
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High School:WESTERN ALBEMARLE
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School District Name:Albemarle County Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Unknown
Parking
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Garage:No
Extra Units
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Other Units:Unit 1,Unit 2,Unit 4,Unit 3
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/11/24
Sep 11, 2024
|
Listed / Active | BRIGHT | $3,250,000 |