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114-116 Carrollton Ter
Charlottesville, VA 22903
Carrollton Terrace · Multifamily Property For Sale
·
24 Units
PROPERTY FACTS
| No. Units | 24 | Lot Size | 0.60 AC |
| Property Type | Multifamily | Building Size | 39,300 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | A | Year Built | 2005 |
| Zoning | UHD | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.60 AC |
| Building Size | 39,300 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2005 |
| Zoning | UHD |
AMENITIES
UNIT AMENITIES
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
ABOUT 114-116 CARROLLTON TER , CHARLOTTESVILLE, VA 22903
Marcus and Millichap is pleased to present the Offering Memorandum for the Carrollton Terrace Apartments, located at 114 Carrollton Terrace. in Charlottesville, Virginia. The asset is a 24-unit, 81-bed student housing property located less than a half mile from the University of Virginia campus. The property was constructed in 2005 and sits on approximately .6 acres of land in central Charlottesville. The property also has a fantastic historical occupancy trend and is currently 100% leased through the end of the 2018-2019 school year. Named for the British Queen Charlotte of Mecklenburg-Strelitz, the independent city of Charlottesville is a medium-sized city in north-central Virginia, best known for being home to the University of Virginia. Charlottesville was also home to two U.S. Presidents, Thomas Jefferson, who also founded of the University of Virginia, and James Monroe. The city is situated at the foothills of the Blue Ridge Mountains and is a popular tourist destination, due to both the University and Thomas Jefferson's home, Monticello, but also in part because of a vibrant cultural & arts scene. There are a number of popular music venues, theaters, restaurants, and breweries in the downtown and surrounding areas, as well as the feeling of a bustling, modern college town. The Downtown Mall is one of the longest pedestrian malls in the entire United States, and the city is a short drive to Shenandoah National Park, the Rivanna River, and a host of Virginias best vineyards and orchards. The city is serviced by US Route 29, Interstate 64, Amtrak & regional rail, and Charlottesville-Albemarle Airport.
PROPERTY TAXES
| Parcel Number | 160-114-000 | Improvements Assessment | $9,675,900 |
| Land Assessment | $906,200 | Total Assessment | $10,582,100 |
PROPERTY TAXES
