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1011-1121 Arlington Blvd
Arlington, VA 22209 Rosslyn

$150,000 - $300,000 USD

Apartments Condos For Sale  •  463+ SF

Property Details

  • Property Type Apartments
  • Total Building Size 1,022,608 SF
  • Lot Size 3.91 AC
  • Building Class B
  • Year Built 1955
  • Cap Rate 11.12 %
  • Zoning RA4.8
73 Transit Score
62 Walk Score

2 Units Available

Name Condo Use Size Price Details
1st Floor - Unit 1115 Retail 463 SF $150,000 USD
  • Unit Size: 463 SF
  • Condo Use: Retail
  • Price: $150,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $323.97 USD
Description
New floors have been added, and this space has been recently painted. Part of River Place Co-op. Surrounded by 1,700+ units. Bathroom located next door at 1113 Arlington Blvd.

Sale Notes
New floors have been added, and this space has been recently painted. Offered for sale together with 1113 Arlington Blvd. Currently rented for $1,650.
1st Floor - Unit 1113 Retail 748 SF $300,000 USD
  • Unit Size: 748 SF
  • Condo Use: Retail
  • Price: $300,000 USD
  • Sale Type: Investment
  • Price/SF: $401.07 USD
Description
Fully built out barber/ salon. Long term tenant already in place. Surrounded by 1,700+ units inside the River Place co-op. One bathroom and washer/ dryer on site.

Sale Notes
Being sold together with 1115 Arlington Blvd. Fully built out barber/ salon. Long term tenant already in place. Surrounded by 1,700+ units inside the River Place co-op. Currently rented for $2,100/ month. Includes one parking space.

Description 

Great opportunity to buy two commercial properties in Rosslyn. Both 1113 and 1115 are offered for sale at $550k.  Two parking spaces are included with the sale and tenants are already in place at $3,650/ month. Low co-op fee monthly. 1113 is currently used as a barber shop/ salon and 1115 is rented short term until Feb 2022 with a high likelihood of renewal. Bathroom located inside of 1113 can be used by either tenant. Both buildings are located inside of the River Place co-op surrounded by 1,700+ 0-3 bedroom units with lots of foot traffic.

Highlights

Lots of surrounding units

Financial Summary

Cap Rate: 11.12 %
Total Expenses: $3,127 USD

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Clubhouse
  • Fitness Center
  • Laundry Facilities
  • Microwave
  • Picnic Area
  • Pool
  • Sauna
  • Spa
  • Heating
  • Dry Cleaning Service
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
Crystal City (Fredericksburg Line - Virginia Railway Express, Manassas Line - Virginia Railway Express) 6 min - 3.1 mi
L'enfant (Fredericksburg Line - Virginia Railway Express, Manassas Line - Virginia Railway Express) 9 min - 3.9 mi
Transit/SubwayDriveWalkDistance
Rosslyn (Blue Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Orange Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail), Silver Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 2 min 9 min 0.5 mi
AirportDriveWalkDistance
Ronald Reagan Washington Ntl 9 min - 4.4 mi
Washington Dulles International 40 min - 25.2 mi
Baltimore/Washington International Thurgood Marshall 53 min - 34.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 250
Type: Surface
Included in Rent: No
Johnny Mendez 703-528-2288 Buck & Associates
Johnny Mendez 703-528-2288 Buck & Associates