CASH COW! This THREE UNIT property is located just four blocks from Ballston MU Metro Station!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) - 2-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) = $16,467.57NOI = $123,812.43
CASH COW! This THREE UNIT property is located just four blocks from Ballston MU Metro Station!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) - 2-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) = $16,467.57NOI = $123,812.43
Neighborhood
Type
County
Arlington
Tax Amount
$11,697
Status
Upcoming
Listing #
VAAR2073918
Built
1961
Lot Size
0.26
Listed on site
1 day
Listing Agent Id
121137092825