New Listing
1011 Arlington Blvd N #403,ARLINGTON, VA 22209
ARLINGTON, VA 22209
Description
TENANT-OCCUPIED STUDIO CO-OP - RIVER PLACE, ROSSLYNThis 401-square-foot studio co-op at River Place is tenant-occupied, providing immediate rental income.APARTMENT - S403Located in one of the community's most sought-after buildings, this studio features a large picture window providing abundant natural light, an updated kitchen, and generous closet space. The apartment was freshly painted and had new carpet installed earlier this year.The apartment is leased through April 6, 2027, at $1,425 per month.Monthly financials: Rental income: $1,425 Co-op fee: $279 (includes electricity, gas, and water) Property taxes: $107.83 Estimated insurance: $20 Total anticipated expenses: $406.83 Anticipated net monthly income: $1,018.17INVESTMENT SUMMARY Price: $120,000 Total monthly rental income: $1,425 Total anticipated monthly expenses: $406.83 Total anticipated net monthly income: $1,018.17 Total anticipated annual net income: $12,218.04 Anticipated annual cash return: 10.18%The anticipated annual cash return assumes an all-cash purchase at the asking price, with the apartment rented at its current rate for 12 months. Calculations exclude closing costs, vacancies, repairs, maintenance, and other unanticipated expenses.RIVER PLACE COMMUNITYRiver Place is a gated cooperative community in Rosslyn, Arlington, offering a variety of amenities, including an outdoor swimming pool, jacuzzi, fitness center, sauna, steam room, outdoor grilling area, community party room, bicycle storage, large laundry room, concierge services, secure package handling, and 24-hour gated security.The community is approximately a five-minute walk from the Rosslyn Metro station, served by the Orange, Silver, and Blue Lines, providing convenient access to Washington, DC, the Pentagon, Reagan National Airport, Tysons, and surrounding areas.Nearby shopping, dining, and services include Safeway, Target, CVS, Chipotle, District Taco, and numerous other establishments.The apartment is currently leased, providing rental income from an existing tenant.IMPORTANT INFORMATION FOR PROSPECTIVE PURCHASERSAll information, including rental income, operating expenses, property details, and financial projections, is provided for informational purposes only and is believed to be accurate but is not guaranteed. Expenses, fees, taxes, rental income, and other circumstances may change. The anticipated annual cash return is an estimate based on the stated assumptions and is not a guarantee of future performance or profitability.Prospective purchasers are encouraged to independently verify all information, review the applicable lease and cooperative documents, conduct their own due diligence, and perform their own financial calculations to determine whether this investment meets their individual objectives. No representation or warranty is made regarding future rental income, occupancy, expenses, investment returns, or appreciation.
Details
| MLS # | VAAR2081570 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $279 |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1955 |
| Days On Site | 5 |
| Listing Provided By | Sweet Homes America Incorporated | Amber Williams |
Features
| Bath(s) | 1 Total |
|---|---|
| SQ Feet | 401 |
| Story(s) | 1 |
| Zoning | RA4.8 |
Interior
| Cooling | Convector |
|---|---|
| Heating Yes / No | Yes |
| Heating | Convector |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1246 |
|---|
Area Information
| State | VA |
|---|---|
| County | ARLINGTON VA |
| City | ARLINGTON |
| Zip Code | 22209 |
| Area | ARLINGTON VA |
| Community Name | RIVER PLACE |
| School District | ARLINGTON COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in RIVER PLACE) | |
Price: $120,000 low | high Med: $120,000 sqft: 401 low | high Med: 401 $ / sqft: $299 low | high Med: $299 On site: 5 low | high Med: 5 | |
Market Activity 22209
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Learn More About This Property
| State | VA |
|---|---|
| County | ARLINGTON VA |
| City | ARLINGTON |
| Zip Code | 22209 |
| Area | ARLINGTON VA |
| Community Name | RIVER PLACE |
| School District | ARLINGTON COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in RIVER PLACE) | |
Price: $120,000 low | high Med: $120,000 sqft: 401 low | high Med: 401 $ / sqft: $299 low | high Med: $299 On site: 5 low | high Med: 5 | |
