3812 13th St N, Arlington, VA 22201

$2,090,000
: 2,048
SqFt

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List Price: $2,090,000
Status: PENDING
Days on Market: 32
MLS#: VAAR2073918
Style: Traditional
Year Built: 1961
Living Area: 2,048
Lot Size: 11,325
Acres: 0.26
Subdivision: Virginia Square
Neighborhood: Virginia Square

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Property Description

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) - 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

1.888.840.5553

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