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About the Listing KWR21 - 3049033
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.
Listing Highlights
Status
Active
Days on Site
25
Property Type
Multi-Family
MLS ®
VAAR2071500
Year Built
1960
Total Square Footage
3,178
Lot/Acreage
0.11
County
Arlington
Neighborhood
Ballston
School District
Arlington County Public Schools
Elementary School
Ashlawn
Middle School
Swanson
High School
Washington-Liberty
Interior Details
- Bedrooms: 7
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central A/C
- Heating: Forced Air
- Fireplaces:
- Floor: Luxury Vinyl Plank,Ceramic Tile
- Above Ground Sq Ft: 2178
- Below Ground Sq Ft: 1000
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: 2 car
- Parking Spaces: 5
- Zoning: R15-30T
- Roof: Architectural Shingle
- Others: Excellent
- Sewer: Public Sewer
- Parking Features: Paved Parking,Garage - Front Entry,Detached Garage,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $12,715
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Questions About..
4206 Washington Boulevard Arlington, VA 22201
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