Traditional
4206 WASHINGTON BOULEVARD
ARLINGTON, VA 22201
MLS#: VAAR2071500
$1,890,000
Property
Beds
7
Full Baths
None
1/2 Baths
None
Year Built
1960
Sq.Footage
3,178
CASH COW! This FOUR UNIT property is located just two blocks from Ballston MU Metro Station! Gross rent is a whopping $138,840! Net Operating Income (NOI) is a stout $118,393! Two 3-bedroom units, One 1-bedroom unit and One efficiency unit. This property is being marketed for $1,890,000, providing an amazing 6.26% cap rate. Property underwent a substantial and extensive Capex in 2021, including kitchen renovations, bathroom renovations, flooring, systems, roof and other infrastructure. Totally turn key with long-term leases in place. Off-street parking for three cars, PLUS a detached two-car garage! Unit 1 - 3-Bedroom middle-level unit rented for $3,800/mo through 08/31/2026. Includes renovated kitchen, renovated bathroom, in-unit laundry and is approximately 1,089sf. Unit 2 - 3-Bedroom upper-level rented for $3,900/mo through 06/30/2026. Includes renovated kitchen, renovated bathroom, in-unit laundry and is approximately 1,089sf. Unit 3 - Efficiency, lower level unit rented for $1,320/mo through 03/01/2027. Includes modest kitchen and is approximately 400sf. Unit 4 -1-Bedroom lower-level unit currently marketed for $2,200/mo. Includes renovated kitchen with bar island and SS appliances, renovated bathroom and in-unit laundry and is approximately 600sf. If you're looking for a stable investment with tremendous cash flow and easy rentability, this is it! Financials available for serious inquiries.
Features & Amenities
Interior
-
Total Bedrooms
7
-
Bathrooms
N/A
-
Above Grade Finished Area
2178.0
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Natural Gas, Forced Air
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Construction Materials
Brick
-
Parking
Paved, Garage, Driveway, Detached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.11
-
Property Type
Residential Income
-
Property Sub Type
Quadruplex
-
Architectural Style
Traditional
Price
-
Sales Price
$1,890,000
-
Tax Amount
$12,715
-
Sq. Footage
3, 178
-
Price/SqFt
$594
HOA
-
Association
No
School District
-
Elementary School
ASHLAWN
-
Middle School
SWANSON
-
High School
WASHINGTON-LIBERTY
Property Features
-
Foundation Details
Other
-
Sewer
Public Sewer
-
Tax Lot
23A
-
Water Source
Public
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Location
County
ARLINGTON
Elementary School
ASHLAWN
Middle School
SWANSON
High School
WASHINGTON-LIBERTY
Listing Courtesy of James P Andors , Keller Williams Realty
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AGENT
Laurie Hailey
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