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Kara Hawkins

[email protected] +1(302) 542-6656

$ 225,000

Est. payment -/mo

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Coming Soon

5701 INDIAN CT #8 Alexandria, VA 22303

2 Beds

1 Bath

1,069 SqFt

UPDATED:

02/18/2025 12:15 PM

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

Listed by Bret Nida • Redfin Corporation

Kara Hawkins

Advisor | License ID: (MD) 5003142 & (DE) RS-0036610

+1(302) 542-6656

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