5701 INDIAN CT #8, ALEXANDRIA, Virginia 22303 - $225,000
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
This income-producing property, with a tenant secured under lease until August, presents a stable and attractive investment opportunity. Generating $24,000 in annual rental income, the property has strong potential for long-term cash flow. Additionally, all utilities are covered under the condo fee, reducing operating costs further. Here’s a detailed breakdown of the financials: Expenses Overview: Condo Fee: $732 per month ($8,784 annually), includes all utilities Property Taxes: $2,271 annually Insurance (Assumption): $150 per month ($1,800 annually) Vacancy Rate (Assumption): 3% ($720 annually), reflecting a high-demand area with low tenant turnover Capital Expenditures (Assumption): 5% ($1,200 annually), considering condo conv Total Expenses: $14,775 annually Net Operating Income (NOI): $9,225 annually Property is cash, VA or portfolio lender.
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com
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Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. Redfin Corporation represents the interest of the seller 7036656665 VAFX2220664. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
For buyer representation by Virginia Estates contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.