1 Bed
1 Bath
559 SqFt
1 Bed
1 Bath
559 SqFt
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Active
Purchase Type For Sale
Square Footage 559 sqft
Price per Sqft $241
Subdivision River Place North
MLS Listing ID VAAR2081334
Style Other
Bedrooms 1
Full Baths 1
Condo Fees $518/mo
HOA Y/N N
Abv Grd Liv Area 559
Year Built 1955
Available Date 2026-10-23
Annual Tax Amount $1,605
Tax Year 2026
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
This 559-square-foot, one-bedroom, one-bathroom co-op at River Place includes a separately leased garage parking space. Both the apartment and parking space are tenant-occupied, providing immediate rental income.
**APARTMENT — N620**
The apartment features two large picture windows providing abundant natural light, a remodeled kitchen, and generous closet space. New kitchen cabinets and countertops were installed in 2025, and the apartment received new flooring and fresh paint in June 2026.
The apartment is leased through June 24, 2027, at $1,900 per month.
Monthly financials:
- Rental income: $1,900
- Co-op fee: $518 (includes electricity, gas, and water)
- Property taxes: $137.75
- Estimated insurance: $20
- Total anticipated expenses: $675.75
- **Anticipated net monthly income: $1,224.25**
**GARAGE PARKING — MP-316**
Included in the offering is MP-316, a garage parking space in the North-East Garage, with an estimated value of $8,000.
The parking space is separately leased through December 31, 2026, at $145 per month.
Monthly financials:
- Rental income: $145
- Parking fee: $82.93
- **Net monthly income: $62.07**
**COMBINED INVESTMENT SUMMARY**
- Asking price: $134,995
- Total monthly rental income: $2,045
- Total anticipated monthly expenses: $758.68
- **Total anticipated net monthly income: $1,286.32**
- **Total anticipated annual net income: $15,435.84**
- **Anticipated annual cash return: 11.43%**
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, with rental payments consistently received on time or early.
**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
Interior Features Kitchen - Galley, Floor Plan - Traditional
Hot Water Natural Gas
Heating Convector
Cooling Convector
Furnishings Yes
Heat Source Natural Gas
Laundry Common
Exterior
Amenities Available Beauty Salon, Common Grounds, Convenience Store, Elevator, Fitness Center, Gated Community, Laundry Facilities, Party Room, Picnic Area, Pool - Outdoor, Security
Water Access N
Accessibility Elevator
Garage N
Private Pool Yes
Building
Story 1
Unit Features Hi-Rise 9+ Floors
Above Ground Finished SqFt 559
Sewer Public Sewer
Water Public
Architectural Style Other
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,Management,Pool(s),Reserve Funds,Sauna,Security Gate,Sewer,Snow Removal,Trash,Water
Senior Community No
Tax ID 17-039-244
Ownership Cooperative
SqFt Source 559
Acceptable Financing Cash, Bank Portfolio
Listing Terms Cash, Bank Portfolio
Financing Cash,Bank Portfolio
Special Listing Condition Standard
Nearby Locations
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