1200 N Kensington St, Arlington, VA 22205

$1,600,000

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Sold Price
$1,600,000
List Price
$1,800,000
Status
CLOSED
Days on Market
34
Closing Date
Nov 05, 2024
MLS#
VAAR2045236
Subtype
Commercial Sale
Year Built
1940
Lot Size
14,720
Acres
0.34
Subdivision
Westover

Property Description

8 Unit Building in Westover. New price reflects condition. All units are one bedrooom and rented on a month to month basis at an ave. of $1285 per month, total $10,290 per month. Many long-time tenants. 9 electric meters, one per unit and one for common areas. Gas heat and water paid by landlord. Laundry room in basement. Parking on street and behind building has room for 8 cars. Potential for increased rents with unit improvements as tenants are replaced. Attached are pictures of each unit. Individual conditions vary from unit to unit. Unfinished area in basement could be turned into extra storage or community room. Bus service on Washington Blvd. Convenient to Westover and Ballston. Close to parks, shopping and restaurants. Currently being professionally managed.

Additional Information

Taxes
$15,796
Zoning
RA14-26
Heating
Radiator(s)
Air Conditioning
Window/Wall
School District
Arlington County Public Schools
Elementary School
Mckinley
Middle School
Swanson
High School
Washington-Liberty

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Listing courtesy of Residential Properties, Inc.. Contact:

Selling Office: EXP Realty, LLC.