4206 Washington Boulevard, Arlington, VA 22201

Property Description

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.