1800 JPA Condominiums
Real Estate III is marketing the condo conversion* of the 1800 JPA complex at the edge of the campus of the University of Virginia in Charlottesville, Virginia. This is an exceptional opportunity for both investors and owner-occupants seeking to purchase efficiency units, 1BR, 2BR, or 3BR units at incredibly attractive prices.
You are truly getting in on the ground level of an exceptional investment or affordable housing opportunity!!
Key Facts about 1800 JPA Condominiums:
- General Information:
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- Buildings were built in 1966 - 1968
- Location is phenomenal - walk to UVA
- Timeframe: available NOW!
- To see more key facts about 1800 JPA,click here to view our flyer or click here for our Answers to Frequently Asked Questions sheet;
- The Financials:
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- The Condo Owners dues will be $90 per month;
- There will be a Shared Utility fee of $40 per month for utilities and covers: shared electricity, all water and sewer, and on-site trash collection;
- Renovation:
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- For investors or owner occupants who would like to renovate or remodel their condo units at 1800 JPA, we offer preferred service with Piedmont Facilities Management, Inc.
- Call 434.817-5400 or email: pfm@pvcinc.com or visit them on the web at http://www.pvcinc.com
- Pricing:
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- Here is the current price sheet (Excel spreadsheet format) ;
- For more in-depth discussion about pricing, please send email to 1800JPA@WahooRealEstate.com or call me on 434.249-4972, or leave voicemail for me 24-hours a day on 434.817-6055.
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Financing:
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It is important to note that this condo project will be "Non-Warrantable" meaning that it will not be on the Fannie Mae/Freddie Mac approved list of condo projects. In simple terms, this basically means that we are not requiring a 60/40 ratio of Investors to Owner-Occupants. This often makes it challenging for most mortgage lenders to provide attractive financing packages on these units, as they will not be able to easily re-sell your mortgage.
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Real Estate III's preferred lender for this project is Michelle Lewis with PHH mortgage. PHH Mortgage and its affiliates have been given the special designation of being the only lender in the nation that carries the Fannie Mae Seal of Approval. With this designation they are able to approve loans that would traditionally not be eligible for Fannie Mae financing. For more information, call or email Michelle Lewis today - she can approve your loan in record time, and will provide scenarios for you to help you figure out which loan program is best for you. Call 434.975-5552, email Michelle or visit her on the web.
- Forms and related documentation:
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Barracks West Condos FOR SALE:
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Call or email me for more information.
Steve Taylor
434.817.6055
(office)
800.257.8329 x6055
(toll free)
434.817.9808 (fax)
434.249.4972 (wireless) 
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