About 2301 6th St S
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.
Features of 2301 6th St S
| MLS® # | VAAR2062360 |
|---|---|
| Price | $1,795,000 |
| Bathrooms | 0.00 |
| Square Footage | 5,550 |
| Acres | 0.19 |
| Year Built | 1959 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Pending |
Community Information
| Address | 2301 6th St S |
|---|---|
| Subdivision | PENROSE |
| City | ARLINGTON |
| County | ARLINGTON-VA |
| State | VA |
| Zip Code | 22204 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Wall Unit |
|---|---|
| Cooling | Wall Unit |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|
School Information
| District | ARLINGTON COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary | ALICE WEST FLEET |
| Middle | JEFFERSON |
| High | WAKEFIELD |
Additional Information
| Zoning | RA8-18 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Arlington Realty, Inc. |
|---|
