5701 INDIAN CT #8 Coming Soon Save Request In-Person Tour Request Virtual Tour
Alexandria,VA 22303
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,069 sqft
Price per Sqft $210
Subdivision Huntington Club
MLS Listing ID VAFX2220664
Style Traditional
Bedrooms 2
Full Baths 1
Condo Fees $799/mo
HOA Y/N N
Abv Grd Liv Area 1,069
Originating Board BRIGHT
Year Built 1967
Annual Tax Amount $2,423
Tax Year 2024
Property Sub-Type Condo/Co-op
Property Description
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.
Location
State VA
County Fairfax
Zoning 350
Rooms
Main Level Bedrooms 2
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Garage Spaces 1.0
Parking On Site 1
Amenities Available Basketball Courts,Exercise Room,Extra Storage,Fitness Center,Picnic Area,Pool - Outdoor,Tennis Courts
Water Access N
Accessibility None
Total Parking Spaces 1
Garage N
Building
Story 1
Unit Features Garden 1 - 4 Floors
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories 1
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Fairfax County Public Schools
Others
Pets Allowed Y
HOA Fee Include Air Conditioning,A/C unit(s),Common Area Maintenance,Custodial Services Maintenance,Electricity,Ext Bldg Maint,Gas,Heat,Insurance,Lawn Care Front,Lawn Care Rear,Lawn Care Side,Management,Parking Fee,Sewer,Snow Removal,Trash,Water
Senior Community No
Tax ID 0831 23 0008
Ownership Condominium
Special Listing Condition Standard
Pets Allowed No Pet Restrictions