UPDATED:
02/18/2025 04:57 PM
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,771 sqft
Price per Sqft $696
MLS Listing ID VAAR2053514
Style Other
Abv Grd Liv Area 2,514
Originating Board BRIGHT
Year Built 1987
Annual Tax Amount $10,145
Tax Year 2024
Lot Size 8,516 Sqft
Acres 0.2
Property Sub-Type Detached
Property Description
This rarely available, legal five-unit apartment building is located in the North Arlington neighborhood of Highview Park, offering an exceptional investment opportunity with a current rental income of $11,350 per month ($136,200 per year) at 100% occupancy. Recently fully renovated inside and out, this property features a mix of spacious two-level 2-bedroom/1-bath units and one-level 1-bedroom/1-bath units, providing desirable living options for tenants.
Property Features:
Total Units: 5 (3 two-level 2-bed/1-bath units and 2 one-level 1-bed/1-bath units)
Rent Income: Currently generating $11,350/month, $136,200/year with 100% occupancy
Upcoming Rent Increase: Lease extensions on two units starting in July will add $3,000 annually, increasing the total rental income to $139,200/year
Renovations: All 5 units and the exterior were completely renovated within the last 5 years, ensuring a modern and inviting atmosphere throughout.
HVAC System: energy-efficient HVAC system, only a few years old.
Floor Plans: Spacious, open layouts with plenty of natural light.
Parking: Ample parking available on-site, as well as additional off-street spaces for tenants.
Lot Size: The property sits on a large lot, offering potential for future development or expansion.
Virtual Tours: Matterport 3D tours are available for each individual unit, allowing for a complete virtual viewing experience.
Current Rentals:
Three 2-bed/1-bath units
Two 1-bed/1-bath units
This property offers a prime location in North Arlington, with easy access to public transportation, shopping, dining, and recreational areas. Whether you're an investor looking for steady income or seeking a multi-family property with long-term potential, this is an ideal choice.
Actual Addresses: 2122-2124-2126-2128-2130 Cameron Street
Location
State VA
County Arlington
Zoning RA8-18
Interior
Hot Water Natural Gas
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Other
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Arlington County Public Schools
Others
Tax ID 08-010-024
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Virtual Tour https://media.robotdown.com/N-Cameron-St/idx
"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."
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