New Listing
1121 Arlington Blvd #620,ARLINGTON, VA 22209
ARLINGTON, VA 22209
Description
**TENANT-OCCUPIED ONE-BEDROOM CO-OP WITH GARAGE PARKING SPACE - RIVER PLACE, ROSSLYN** 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.
Details
| MLS # | VAAR2081334 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $518 |
| Sub-Type | Resale |
| Status | Active-bright |
| Year | 1955 |
| Days On Site | 1 |
| Listing Provided By | Sweet Homes America Incorporated | Amber Williams |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 559 |
| Story(s) | 1 |
| Zoning | RA4.8 |
Interior
| Cooling | Convector |
|---|---|
| Heating Yes / No | Yes |
| Heating | Convector |
| Interior Features | Kitchen - Galley, Floor Plan - Traditional |
| Furnished | Yes |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 1605 |
|---|
Area Information
| State | VA |
|---|---|
| County | ARLINGTON VA |
| City | ARLINGTON |
| Zip Code | 22209 |
| Area | ARLINGTON VA |
| Community Name | RIVER PLACE NORTH |
| School District | ARLINGTON COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in RIVER PLACE NORTH) | |
Price: $134,995 low | high Med: $114,995 sqft: 559 low | high Med: 442 $ / sqft: $241 low | high Med: $260 On site: 1 low | high Med: 11 | |
Market Activity 22209
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| State | VA |
|---|---|
| County | ARLINGTON VA |
| City | ARLINGTON |
| Zip Code | 22209 |
| Area | ARLINGTON VA |
| Community Name | RIVER PLACE NORTH |
| School District | ARLINGTON COUNTY PUBLIC SCHOOLS |
| Listing VS Median (in RIVER PLACE NORTH) | |
Price: $134,995 low | high Med: $114,995 sqft: 559 low | high Med: 442 $ / sqft: $241 low | high Med: $260 On site: 1 low | high Med: 11 | |
