6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
SEE ALL PHOTOS
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
6478 JEFFERSON MILL ROAD
For Sale

6478 JEFFERSON MILL ROAD

6478 JEFFERSON MILL ROAD, SCOTTSVILLE, VA 24590

$7,600,000
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.

25,286 Sq.Ft. LIVING AREA

289.4 Acres lot

Features & Amenities

Area & Lot

  • Status For Sale
  • Living Area25,286 Sq.Ft.
  • Lot Area289.4 Acres
  • MLS® IDVAAB2000286
  • TypeCOMMERCIAL
  • YEAR BUILT2014
  • School DistrictALBEMARLE COUNTY PUBLIC SCHOOLS

Exterior

  • water SourceWell
  • HEAT TYPEHeat Pump(s)
  • AIR CONDITIONINGCentral A/C
  • sewerSeptic of BR
  • SubstructureHardi Plank Type

Financial

  • Sales Price$7,600,000
  • Real Estate Tax $23,301/yr
  • Zoning SEE ZONING SITE
View Virtual Tour

Work With Lledon

Whether you are looking to expand your wealth portfolio or purchase your first home, Lledon combines her enthusiasm for real estate with a can-do attitude to drive unrivaled results!

Follow Lledon on Instagram