Llandaff - 19 acres in Albemarle County The southernmost hilltop of Carters Mountain, 8 miles from town, overlooking huge farms, estates, and the Hardware River below. Nineteen acres, income-producing (3) cottages with excellent long term tenants and additional income from cell tower,(nicely hidden). The property has demonstrated good appreciation over the years. The income is solid, the view is sublime, and the cottages are in good repair. The oldest dates to 1928, with new replacements over the years. Established 1/2 acre vineyard. One could easily build here, now or in the future, for it also has that Classic Albemarle estate feel.
Rental income from 3 dwellings equals $2,875 per month and cell tower $1,000 per month. Income equals $46,500 per year. 4319 Scottsville Rd Brick residence 2058 sq. ft. 3Br/2Ba rent $1,300 per month. 4323 Scottsville Rd white cottage 732 sq. ft. 2Br/1Ba rent $700. 4321 Scottsville Rd Brown. Cell tower lease with Verizon started in August 2019 and is a 5 year lease with four 5 year options to follow with an increase each time at 15%. All improvements being sold in AS-IS condition
Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 24th February, 2021 10:10 PM
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