SonnyBurton

1011 Arlington Boulevard N, Unit 403, Arlington, VA 22209

$120,000.00
  • 1011 Arlington Boulevard N, Unit 403, Arlington, VA 22209 Main Photo

43 Photos

New to the Market ACTIVE
BEDS0 BATHS1 full SQUARE FEET401 MLS#VAAR2081570
STATUSACTIVE PROPERTY TYPEResidential - Condominium SUBDIVISIONRIVER PLACE SCHOOLARLINGTON COUNTY PUBLIC SCHOOLS

Property Description

TENANT-OCCUPIED STUDIO CO-OP — RIVER PLACE, ROSSLYN This 401-square-foot studio co-op at River Place is tenant-occupied, providing immediate rental income. APARTMENT — S403 Located in one of the community's most sought-after buildings, this studio features a large picture window providing abundant natural light, an updated kitchen, and generous closet space. The apartment was freshly painted and had new carpet installed earlier this year. The apartment is leased through April 6, 2027, at $1,425 per month. Monthly financials: • Rental income: $1,425 • Co-op fee: $279 (includes electricity, gas, and water) • Property taxes: $107.83 • Estimated insurance: $20 • Total anticipated expenses: $406.83 • Anticipated net monthly income: $1,018.17 INVESTMENT SUMMARY • Price: $120,000 • Total monthly rental income: $1,425 • Total anticipated monthly expenses: $406.83 • Total anticipated net monthly income: $1,018.17 • Total anticipated annual net income: $12,218.04 • Anticipated annual cash return: 10.18% The anticipated annual cash return assumes an all-cash purchase at the asking price, with the apartment rented at its current rate 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. The apartment is currently leased, providing rental income from an existing tenant. 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 lease 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.

Property Features

Property Type: Residential - Condominium
Cooling: Convector
Fuel Type: Natural Gas
Heating: Convector
Home Style: Unit/Flat
Stories: 1.0
Taxes: $1,246
Year Built: 1955

Feature Descriptions

Accessibility: Elevator
Additional Structures: Above Grade, Below Grade
Community Amenities: Bank / Banking On-site, Beauty Salon, Billiard Room, Common Grounds, Concierge, Convenience Store, Dog Park, Elevator, Exercise Room, Fencing, Fitness Center, Gated Community, Hot tub, Laundry Facilities, Meeting Room, Party Room, Picnic Area, Pool - Outdoor, Sauna, Security, Swimming Pool, Tot Lots/Playground
Condo/Coop Fee: $279.00/Monthly
Exterior: Brick
Parking Notes: 0 Total Parking Spaces
Sewer: Public Sewer
SQFT Above Finished: 401
SQFT Total Finished: 401
Structure Type: Unit/Flat/Apartment
Total Garage/Parking Spaces: 0
Water: Public

Local Schools

School District: ARLINGTON COUNTY PUBLIC SCHOOLS

Listed By / Shown By

Listed By

Agency Name: Sweet Homes America Incorporated
Agency Phone: 7039443884

Shown By

Agent Name: Sonny Burton
Agent Phone: (804) 432-0746

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Estimate Your Payment

Estimated Payment

$ 726.74 per month $587.91 Principal & Interest $103.83 Property Tax $35.00 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Town Bank Mortgage
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 11/02/2026. The listing information on this page last changed on 11/02/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 11/02/2026 7:06:33 AM EST) or CAAR MLS (last updated Mon 11/02/2026 6:55:12 AM EST) or CVRMLS (last updated Mon 11/02/2026 6:39:49 AM EST) or NNAR MLS (last updated Sun 11/01/2026 10:27:36 PM EST) or Chesapeake Bay & Rivers (last updated Sun 11/01/2026 8:51:36 PM EST) or Bright MLS (last updated Sun 11/01/2026 10:52:50 AM EST). Real estate listings held by brokerage firms other than Hometown Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Agency License Information: Hometown Realty-Licensed in the Commonwealth of Virginia


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