1. Virginia
2. Arlington
3. 2301 6TH ST S

2301 6TH ST S, Arlington, VA 22204

Property Description

**OPEN HOUSE Wednesday, Sept. 3rd, 4:30 - 5:30pm. Deadline for Offers: Thur., Sept. 4th, 12pm** Prime Multi-Family Investment Opportunity. Fully leased 5-unit garden-style building in sought after Penrose. Excellent upside - potential for added value in converting the garage into an efficiency apartment, and/or modernize the units, to bring the rent up to market rate. Currently leased below comps in the neighborhood. Current NOI of approx. $95,346/yr. (cap rate: 5.31%). Could be ideal for owner occupancy with additional rental apartments. Consisting of 5 apartments – 4 units with 2br./1ba. and 1 unit with 3br./1.5ba. Amenities include 6 off-street parking spaces, laundry room, storage room. Many recent updates (see agent for a full list). 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. Sold in As-Is condition.

Listing Status:

Active

Listing Office:

Arlington Realty, Inc. : 7038366000

Listing Agent:

Virginia S Smith : 7038361116

MLS ID:

VAAR2062360

Interior

• A/C: Wall Unit
• Heating: Wall UnitElectric
• Disability Feature: None

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Virginia S Smith, Arlington Realty, Inc.