1 Bed
1 Bath
716 SqFt
1 Bed
1 Bath
716 SqFt
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 716 sqft
Price per Sqft $216
Subdivision River Place North
MLS Listing ID VAAR2077522
Style Unit/Flat
Bedrooms 1
Full Baths 1
Condo Fees $730/mo
HOA Y/N N
Abv Grd Liv Area 716
Year Built 1955
Available Date 2026-08-10
Annual Tax Amount $2,066
Tax Year 2026
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
This 716-square-foot, one-bedroom, one-bathroom co-op at River Place features a private balcony with sweeping views of Arlington and includes a separately leased garage parking space. Both the apartment and parking space are tenant-occupied, providing immediate rental income.
## APARTMENT — N743
The apartment features a private balcony with sweeping views of Arlington, an updated kitchen with granite countertops and stainless-steel appliances, including a new refrigerator, luxury vinyl plank flooring, and a newer ceiling fan.
The apartment is leased through July 31, 2027, at $1,900 per month.
Monthly financials:
- Rental income: $1,900
- Co-op fee: $730 (includes electricity, gas, and water)
- Property taxes: $176.19
- Estimated insurance: $20
- Total anticipated expenses: $926.19
- **Anticipated net monthly income: $973.81**
## GARAGE PARKING — MP-028
Included in the offering is MP-028, a garage parking space in the North-East Garage, with an estimated value of $8,000.
The parking space is separately leased through January 11, 2027, at $145 per month.
Monthly financials:
- Rental income: $145
- Parking fee: $82.93
- **Net monthly income: $62.07**
## COMBINED INVESTMENT SUMMARY
- Asking price: $154,995
- Total monthly rental income: $2,045
- Total anticipated monthly expenses: $1,009.12
- **Total anticipated net monthly income: $1,035.88**
- **Total anticipated annual net income: $12,430.56**
- **Anticipated annual cash return: 8.02%**
The anticipated annual cash return assumes an all-cash purchase at the asking price, with both properties rented at their current rates for 12 months. Calculations exclude closing costs, vacancies, repairs, maintenance, and other unanticipated expenses.
## RIVER PLACE COMMUNITY
River Place is a gated cooperative community in Rosslyn, Arlington, offering a variety of amenities, including an outdoor swimming pool, jacuzzi, fitness center, sauna, steam room, outdoor grilling area, community party room, bicycle storage, large laundry room, concierge services, secure package handling, and 24-hour gated security.
The community is approximately a five-minute walk from the Rosslyn Metro station, served by the Orange, Silver, and Blue Lines, providing convenient access to Washington, DC, the Pentagon, Reagan National Airport, Tysons, and surrounding areas.
Nearby shopping, dining, and services include Safeway, Target, CVS, Chipotle, District Taco, and numerous other establishments.
Both the apartment and parking space are currently leased, providing rental income from two separate tenants.
## IMPORTANT INFORMATION FOR PROSPECTIVE PURCHASERS
All information, including rental income, operating expenses, property details, and financial projections, is provided for informational purposes only and is believed to be accurate but is not guaranteed. Expenses, fees, taxes, rental income, and other circumstances may change.
The anticipated annual cash return is an estimate based on the stated assumptions and is not a guarantee of future performance or profitability.
Prospective purchasers are encouraged to independently verify all information, review the applicable leases and cooperative documents, conduct their own due diligence, and perform their own financial calculations to determine whether this investment meets their individual objectives.
No representation or warranty is made regarding future rental income, occupancy, expenses, investment returns, or appreciation.
Location
State VA
County Arlington
Zoning RA4.8
Rooms
Main Level Bedrooms 1
Interior
Hot Water Natural Gas
Heating Convector
Cooling Convector
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Inside Access
Garage Spaces 1.0
Parking On Site 1
Amenities Available Bank / Banking On-site, Beauty Salon, Billiard Room, Common Grounds, Concierge, Convenience Store, Dog Park, Elevator, Exercise Room, Extra Storage, Fencing, Fitness Center, Gated Community, Hot tub, Party Room, Picnic Area, Pool - Outdoor, Sauna, Security, Storage Bin, Swimming Pool, Tot Lots/Playground
Water Access N
Accessibility Elevator
Total Parking Spaces 1
Garage Y
Private Pool Yes
Building
Story 1
Unit Features Hi-Rise 9+ Floors
Above Ground Finished SqFt 716
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Arlington County Public Schools
Others
Pets Allowed N
HOA Fee Include Air Conditioning,Common Area Maintenance,Electricity,Ext Bldg Maint,Gas,Heat,Pool(s),Recreation Facility,Reserve Funds,Sauna,Security Gate,Sewer,Snow Removal,Trash,Water
Senior Community No
Tax ID 17-039-315
Ownership Cooperative
SqFt Source 716
Acceptable Financing Bank Portfolio, Cash
Listing Terms Bank Portfolio, Cash
Financing Bank Portfolio,Cash
Special Listing Condition Standard
