INVESTORS you cannot find any property in Arlington with better returns than this. Cap rate of 10-13% on this simple straightforward deal. This studio unit has been RENOVATED TO A JR - 1 BEDROOM with a separate master suite connected to bathroom. Brings in $200-$400 higher price point than other identical sized units. Always a rotating pool of Georgetown students, young professionals, and nurses for SHORT AND LONG TERM RENTALS. Renovated with upgraded Kitchen, full size appliances and maximum storage spacing. River Place lives and feels like a mini city within a city. It has markets and hair salons, 24 hours front desk service. Also has pool and large fitness center. Minutes from Rosslyn, Key Bridge and Georgetown, Metro stop across the street. Low condo fee includes everything. Also can be used as a Pied a tierre for those who need to access DC from time to time. Property is apart of a coop community. All sales must be approved by coop board. Community is on a land lease that expires on December 20, 2052.
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Courtesy of: Peake Real Estate Group, LLC Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 21st March, 2023 12:49 AM (UTC)