6478 JEFFERSON MILL ROAD Scottsville, VA $ 7,600,000
6478 JEFFERSON MILL ROAD
$ 7,600,000
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6478 JEFFERSON MILL ROAD

Scottsville, VA, 24590
$ 7,600,000
Bedrooms-- Baths0.0

Monthly Estimate*

$ 44,957

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Lots and Land for sale in Scottsville, VA

for $7,600,000. The lot size is 289.40 Acre(s).

Introducing a unique opportunity to purchase an established, income-generating rental community of nine single-family home rentals in Albemarle County with an additional 16 homes permitted by-right. Minutes from the Tasting Room & Tap House at Mount Ida Reserve and downtown Scottsville, the Farms at Jefferson Mill is a beautiful neighborhood of colonial homes situated on over 250 acres of rolling hills with extensive road and river frontage. The homes are thoughtfully constructed with similar footprints for easy management. Each home occupies its own platted, 20-acre lot and boasts hardi-plank siding, 2, 100 square feet of living space, 4 bedrooms, 2.5 baths, attached 2 car garage, 20 x 12 deck and an 1, 100 square foot unfinished walk-out basement roughed in for an additional bedroom and bathroom. In addition to the nine existing homes, the assemblage offers four additional buildable lots plus another 12 development rights on the remainder of the acreage for a total of 16 additional homes that can be constructed by-right. Existing infrastructure (underground electric and fiber) are in place. The Farms at Jefferson Mill currently generates approximately $175, 000 of rental revenue annually and the additional by-right development offers extensive upside for a rarified investment opportunity.

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Lots and Land Active

Price

$ 7,600,000

Property Type

Lots and Land

Taxes

$ 3,965

Style

Other / Unknown

Lot Size

289.40 Acre(s)

Town/City

Scottsville

County/Region

Albemarle

MLS | Web ID

VAAB2000218

Features
Interior
Water Source Well
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* Excluded Features
List By
Ttr Sotheby's International Realty

Broker

daniel@danielheider.com

Email

Affordability Calculator

$45,287
Per Month
99%
1%
0%
Monthly Principal & Interest
$44,957
Monthly Property Taxes
$330
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.875% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
ALBEMARLE COUNTY PUBLIC SCHOOLS School District

Map


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6478 JEFFERSON MILL ROAD, Scottsville, VA, 24590 is a Lots and Land for sale at $7,600,000 with a lot size of 289.40 Acre(s). 6478 JEFFERSON MILL ROAD has 0.0 baths. The property's zip code is 24590 which is in Scottsville, VA