$2,000,000
$2,500,000
20.0%For more information regarding the value of a property, please contact us for a free consultation.
3.5 Acres Lot
SOLD DATE : 12/28/2015
Key Details
Sold Price $2,000,000
Property Type Multi-Family
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1003248958
Sold Date 12/28/15
Style Other
HOA Y/N N
Originating Board MRIS
Year Built 1969
Annual Tax Amount $21,167
Tax Year 2014
Lot Size 3.500 Acres
Acres 3.5
Property Description
55 unit low-income garden-style apartment community. Encumbered by land lease expiring Oct. 2046 - conveys with sale. Fairfax County receives all rents from apartments & pays all expenses. Property owner only receives rent from land lease. 5 buildings on 3.5 acres. Potential for great appreciation in property value, when land lease expires.
Location
State VA
County Fairfax
Zoning 220
Rooms
Basement Connecting Stairway, Full
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Other
Water Public
Architectural Style Other
New Construction N
Others
Tax ID 50-1-1- -19
Ownership Fee Simple
Special Listing Condition Standard
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