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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Virginia S Smith • Arlington Realty, Inc.

$1,053,000

Est. payment - /mo

3,132 SqFt

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OPEN HOUSE

Tue Aug 12, 5:00pm - 6:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,132 sqft

Price per Sqft $336

Subdivision Lyon Park

MLS Listing ID VAAR2061984

Style Colonial

Abv Grd Liv Area 2,088

Year Built 1957

Annual Tax Amount $11,135

Tax Year 2025

Lot Size 4,611 Sqft

Acres 0.11

Property Sub-Type Detached

Source BRIGHT

Property Description

** Open House Tuesday, 8/12, 5:00 - 6:00pm.** DEADLINE FOR OFFERS: Thursday , 8/14, 11:00am. Prime Multi-Family Investment Opportunity. Fully leased 2-unit garden-style building in sought after Lyon Park. Excellent upside - ideal for owner occupancy with additional rental apartment. Potential for added value in upgrading and expanding the lower-level to create a large combined 2-floor unit, or modernize the existing units, for added value to bring the rent up to market rate. Currently leased below comps in the neighborhood. Consisting of two residential apartments – each with approx. 1,044 SF, 2 bedrooms, 1 bathroom, galley kitchen, carpet flooring, and central HVAC. Amenities include 2 off-street parking spaces, on-site laundry room, basement storage, walk-up attic storage and shared backyard. Recent updates - roof (2020), HVAC and hot water heaters (2015). The property has been under the same family ownership for over 45 years. Just minutes to the Pentagon, Amazon HQ2, Washington DC, Reagan National Airport and 4 blocks to Clarendon Metro Station. Listed at Arlington County Tax Assessment value of $1,053,000. Sold in As-Is condition.

Location

State VA

County Arlington

Zoning R-5

Interior

Interior Features Ceiling Fan(s), Carpet, Kitchen - Galley, Combination Dining/Living

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Carpet

Equipment Stove, Refrigerator

Fireplace N

Window Features Double Pane

Appliance Stove, Refrigerator

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 2

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Long Branch

Middle Schools Jefferson

High Schools Washington-Liberty

School District Arlington County Public Schools

Others

Tax ID 18-040-002

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less Info

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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2605 N PERSHING DR Arlington, VA 22201