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$ 2,250,000
$ 2,625,000 14.3%
3,771 SqFt
$ 2,250,000
$ 2,625,000 14.3%
3,771 SqFt
Key Details
Sold Price $2,250,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,771 sqft
Price per Sqft $596
MLS Listing ID VAAR2053514
Sold Date 04/11/25
Style Other
Abv Grd Liv Area 2,514
Originating Board BRIGHT
Year Built 1987
Annual Tax Amount $10,145
Tax Year 2024
Lot Size 8,516 Sqft
Acres 0.2
Property Sub-Type Detached
Property Description
This rarely available apartment building is located in the North Arlington neighborhood of Highview Park, offering an exceptional investment opportunity with a current rental income of $11,350 per month ($136,200 per year) at 100% occupancy. Recently fully renovated inside and out, this property features a mix of spacious two-level 2-bedroom/1-bath units and one-level 1-bedroom/1-bath units, providing desirable living options for tenants.
Property Features:
Rent Income: Currently generating $11,350/month, $136,200/year with 100% occupancy
Upcoming Rent Increase: Lease extensions on two units starting in July will add $3,000 annually, increasing the total rental income to $139,200/year
Renovations: All 5 units and the exterior were completely renovated within the last 5 years, ensuring a modern and inviting atmosphere throughout.
HVAC System: energy-efficient HVAC system, only a few years old.
Floor Plans: Spacious, open layouts with plenty of natural light.
Parking: Ample parking available on-site, as well as additional off-street spaces for tenants.
Lot Size: The property sits on a large lot, offering potential for future development or expansion.
Virtual Tours: Matterport 3D tours are available for each individual unit, allowing for a complete virtual viewing experience.
Current Rentals:
Three 2-bed/1-bath units
Two 1-bed/1-bath units
This property offers a prime location in North Arlington, with easy access to public transportation, shopping, dining, and recreational areas. Whether you're an investor looking for steady income or seeking a multi-family property with long-term potential, this is an ideal choice.
Location
State VA
County Arlington
Zoning RA8-18
Interior
Hot Water Natural Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Arlington County Public Schools
Others
Tax ID 08-010-024
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Bought with Lisa K McCaskill • Weichert, REALTORS