BEDS0
BATHS
SQUARE FEET3,072
MLS#VAAR2073918
STATUSACTIVE
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONVIRGINIA SQUARE
SCHOOLARLINGTON COUNTY PUBLIC SCHOOLS
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
Property Features
Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s)
Fuel Type: Natural Gas
Heating: Forced Air
Home Style: Traditional
Lot Size: 0.26 Acres
Taxes: $11,697
Year Built: 1961
Feature Descriptions
Additional Structures: Above Grade, Below Grade
Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater - Tankless, Water Heater
Days on Site: 6
Exterior: Brick
Lot Dimensions: 0.26 Acre(S)
Sewer: Public Sewer
Structure Type: Detached
Three Bedroom Units: 3
Total Garage/Parking Spaces: 9
Units: 3
Water: Public
Windows: Casement
Local Schools
High School: WASHINGTON-LIBERTY
Middle School: DOROTHY HAMM
Elementary School: ARLINGTON SCIENCE FOCUS
School District: ARLINGTON COUNTY PUBLIC SCHOOLS
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty
Agency Phone: 7036367300
Shown By
Agency Title: Montague Miller & Co. Realtors
Agency Phone:
Estimate Your Payment
Estimated Payment
$ 6,235.77 per month $4,651.43 Principal & Interest $974.75 Property Tax $609.58 Homeowner's Insurance
3812 13th Street N | MLS# VAAR2073918
This multi-family property located at 3812 13th Street N, Arlington, VA 22201 is currently listed for sale with an asking price of $2,090,000. 13th Street N is located within the ARLINGTON COUNTY PUBLIC SCHOOLS school district. Search Arlington real estate on www.montaguemiller.com today.