THE IVY COTTAGES

[Account Closed]

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.

[Tom Fisher]

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