UPDATED:
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $680
Subdivision Virginia Square
MLS Listing ID VAAR2073918
Style Traditional
Abv Grd Liv Area 2,048
Year Built 1961
Available Date 2026-06-05
Annual Tax Amount $11,697
Tax Year 2025
Lot Size 0.259 Acres
Acres 0.26
Property Sub-Type Detached
Source BRIGHT
Property Description
Gross rent is a whopping $140,280!
Net Operating Income (NOI) is a stout $123,812.43!
All three units are 1,000sf three bedroom, two full bathroom apartments.
This property is being marketed for $2,090,000, providing an excellent 5.92% cap rate.
This generational investment property underwent a full, extensive capex renovation in 2021, including three kitchen renovations, six bathroom renovations, new flooring, new systems, roof and other infrastructure.
Located in a residential neighborhood on a massive .25ac (11,270sf) lot that provides 9+ off-street parking spaces.
Totally turnkey with long-term leases in place.
Unit A (lowest level) - 3-Bedroom 2 bathroom rented for $3,800/mo through 08/31/2026.
Unit B (middle level) - 3-Bedroom 2 bathroom rented for $3,800/mo through 01/31/2027.
Unit C (upper level) - 3-bedroom 2 bathroom rented for $4,090/mo through 01/31/2027.
If you're looking for a stable investment with tremendous cash flow and easy rentability, this is it! Financials available for serious inquiries. Contact Listing Agent, James P. Andors for details.
Expenses (Insurance ($1,839.65), utilities ($2,931.28), taxes ($11,696.64) = $16,467.57
NOI = $123,812.43
Location
State VA
County Arlington
Zoning R-5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Ceiling Fan(s)
Equipment Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater - Tankless, Water Heater
Fireplace N
Window Features Casement
Appliance Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater - Tankless, Water Heater
Heat Source Natural Gas
Exterior
Garage Spaces 9.0
Water Access N
Accessibility None
Total Parking Spaces 9
Garage N
Building
Foundation Other
Above Ground Finished SqFt 2048
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Arlington Science Focus
Middle Schools Dorothy Hamm
High Schools Washington-Liberty
School District Arlington County Public Schools
Others
Tax ID 15-083-022
Ownership Fee Simple
SqFt Source 3072
Special Listing Condition Standard
Nearby School & Business
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