$1,600,000
$1,800,000
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5,184 SqFt
SOLD DATE : 11/05/2024
Key Details
Sold Price $1,600,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $308
Subdivision Westover
MLS Listing ID VAAR2045236
Sold Date 11/05/24
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $15,796
Tax Year 2024
Lot Size 0.338 Acres
Acres 0.34
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.
Location
State VA
County Arlington
Zoning RA14-26
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Accessibility None
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Mckinley
Middle Schools Swanson
High Schools Washington-Liberty
School District Arlington County Public Schools
Others
Tax ID 09-063-006
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Sumer Attiyah • EXP Realty, LLC