Perfect investment property, in a great location, right off the Bluemont trail next to Ballston. In a very quite tucked away neighborhood, surrounded by parks. Complex in very good condition. 2 -2 bedroom, 1 bath units and 1 bedroom, 1 bath unit. Nice fenced in yard. All 3 units are leased. NOT be available for showings from 12/16-12/28
Outstanding Investment Opportunity *Income producing property can be used as a rental or live in one unit and rent the other(s) *Spacious, 2 to 3 Unit apartment building in Sought after Arlington Village/Penrose neighborhood *WELL MAINTAINED and UPDATED UNITS *This property is split into 2 apartments and can easily be converted to 3 apartments *MAIN FLOOR UNIT: This is a 2-level unit that can be separated into a 3rd unit. This unit has 2BR’s + 2 Bath’s as well as a recreation room with luxury vinyl plank floors and good lighting. Also boasts a recent kitchen w/Custom cabinets, stainless appliances, beautifully refinished hardwood floors, excellent lighting with an open feel. *TOP FLOOR UNIT: Features 2 BR’s + 1 bath, refinished hardwood floors, updated kitchen w/eat in space, updated bath, and an abundance of natural light *BUILDING: Has off street driveway parking as well a street parking, shared laundry with rear access, rear yard for barbecues, gardening, or outdoor space for tenants to relax and enjoy. Each unit has separate entrances within a hallway building entrance. Each unit has individual central HVAC + water heater, separate meters for gas and electric with utilities are separated with exception to water/trash, but tenants pay pro-rata share. LOCATION: This property is just a few short blocks from the Penrose shopping center with Grocery, restaurants, shops, retail, Walgreens, CVS, Starbucks, the original Bob & Edith's diner, Farmer’s Market, parks and more *Commuters dream with a direct bus to Metro/DC & Easy Access to Rt 50, 395, 495, GW Parkway, Downtown DC, Crystal City, Amazon HQ2, Pentagon, Pentagon City and Reagan National Airport *Outstanding, long term tenants would love to stay so you have instant income *You will not want to miss out on this investment opportunity! Priced below appraisal.
A ***RARE*** opportunity to acquire a prime positioned property in the Heart of Clarendon. Currently configured as a red brick 3 unit multi-family property, separately metered with separate entrances. Potential for an adaptive reuse of the existing structure with space for an addition (as per renderings and subject to county approval), convert to a single family home, retain as a multifamily property, or rebuild. Clarendon, Arlington, offers the perfect blend of urban convenience and community charm. Just minutes from Washington, D.C., this walkable neighborhood boasts a lively dining and nightlife scene, boutique shopping, and easy access to parks and trails for outdoor enthusiasts. With its diverse restaurant options, vibrant farmers market, and year-round local events, Clarendon provides a dynamic, yet welcoming atmosphere and remains as one of Arlington's most desirable and vibrant residential areas, balancing modern amenities with its historic roots. *** Renderings are for illustration purposes only and subject to county approval***
The median home value in Arlington, VA is $716,300. This is lower than the county median home value of $740,000. The national median home value is $338,100. The average price of homes sold in Arlington, VA is $716,300. Approximately 39.4% of Arlington homes are owned, compared to 53.78% rented, while 6.82% are vacant. Arlington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Arlington real estate agent to arrange a tour today!
Arlington, Virginia has a population of 235,764. Arlington is less family-centric than the surrounding county with 36.24% of the households containing married families with children. The county average for households married with children is 36.24%.
The median household income in Arlington, Virginia is $128,145. The median household income for the surrounding county is $128,145 compared to the national median of $69,021. The median age of people living in Arlington is 35.1 years.
The average high temperature in July is 87.7 degrees, with an average low temperature in January of 26.5 degrees. The average rainfall is approximately 43.3 inches per year, with 14.9 inches of snow per year.