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.
The median home value in Arlington, VA is $750,500. This is higher 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 $750,500. 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 22204 has a population of 235,764. Arlington 22204 is less family-centric than the surrounding county with 35.66% 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 22204 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 22204 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.