1 Bath
401 SqFt
1 Bath
401 SqFt
Key Details
Property Type Condo
Sub Type Condo/Co-op
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 401 sqft
Price per Sqft $299
Subdivision River Place
MLS Listing ID VAAR2081570
Style Unit/Flat
Full Baths 1
Condo Fees $279/mo
HOA Y/N N
Abv Grd Liv Area 401
Year Built 1955
Available Date 2026-11-02
Annual Tax Amount $1,246
Tax Year 2026
Property Sub-Type Condo/Co-op
Source BRIGHT
Property Description
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.
Location
State VA
County Arlington
Zoning RA4.8
Interior
Hot Water Natural Gas
Heating Convector
Cooling Convector
Heat Source Natural Gas
Exterior
Amenities Available 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
Water Access N
Accessibility Elevator
Garage N
Private Pool Yes
Building
Story 1
Unit Features Hi-Rise 9+ Floors
Above Ground Finished SqFt 401
Sewer Public Sewer
Water Public
Architectural Style Unit/Flat
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,Electricity,Ext Bldg Maint,Gas,Heat,Lawn Maintenance,Management,Pest Control,Pool(s),Reserve Funds,Road Maintenance,Sauna,Security Gate,Sewer,Snow Removal,Trash,Water
Senior Community No
Tax ID 17-041-044
Ownership Cooperative
SqFt Source 401
Acceptable Financing Bank Portfolio, Cash
Listing Terms Bank Portfolio, Cash
Financing Bank Portfolio,Cash
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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