About 706 N Cleveland St
This perfectly located property has an enormous backyard and is about a half mile to Clarendon with it's metro stop, restaurants, coffee shops, etc. Fantastic opportunity to own a well-maintained multifamily building with a Total Rental Income of $107,400 Per Year, and an impressive CAP Rate of 5.71%, this property offers dependable rental income and strong tenant demand thanks to its close proximity to the Metro. The two upper units each have 2 bedrooms, and have been freshly painted. The 2 bedrooms in the basement unit have also been renovated, painted, and have new LVP floor and updated bathroom and kitchen areas, with quartz countertops, white cabinets, and stainless steel appliances. The shared laundry room has 2 sets of washers and dryers and the outside features a giant backyard with a storage shed. There are 4 off-street parking spots.
Features of 706 N Cleveland St
| MLS® # | VAAR2066642 |
|---|---|
| Price | $1,499,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,962 |
| Acres | 0.20 |
| Year Built | 1968 |
| Type | Multi-Family |
| Sub-Type | Duplex,Detached |
| Style | Colonial |
| Status | Active Under Contract |
Community Information
| Address | 706 N Cleveland St |
|---|---|
| Subdivision | ARLINGTON PARK |
| City | ARLINGTON |
| County | ARLINGTON-VA |
| State | VA |
| Zip Code | 22201 |
Amenities
| Amenities | Bathroom - Tub Shower, Entry Level Bedroom, Recessed Lighting, Upgraded Countertops, Window Treatments, Wood Floors |
|---|---|
| Utilities | Electric Available, Sewer Available, Water Available, Natural Gas Available |
| Parking | Asphalt Driveway |
| Is Waterfront | No |
Interior
| Interior Features | Floor Plan - Traditional,Floor Plan - Open |
|---|---|
| Appliances | Dishwasher, Oven/Range - Electric, Refrigerator, Disposal, Dryer, Exhaust Fan, Oven/Range - Gas, Range Hood, Stainless Steel Appliances, Washer, Water Heater |
| Heating | Central, Forced Air, Heat Pump(s) |
| Cooling | Central A/C, Heat Pump(s) |
| Has Basement | Yes |
| Basement | Other, Daylight, Full, Fully Finished, Improved, Interior Access, Outside Entrance, Space For Rooms, Side Entrance, Walkout Stairs, Windows |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Exterior | Brick |
|---|---|
| Exterior Features | Secure Storage,Sidewalks |
| Lot Description | Private, Rear Yard |
| Construction | Brick |
| Foundation | Slab |
School Information
| District | ARLINGTON COUNTY PUBLIC SCHOOLS |
|---|---|
| Elementary | LONG BRANCH |
| Middle | JEFFERSON |
| High | WASHINGTON-LIBERTY |
Additional Information
| Zoning | R-5 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty |
|---|
