Here's the deal of the year on a condo in Arlington's top rated senior community, The Jefferson. There's no age restrictions for the investor who buys, owns, rents and/or flips this property.
This opportunity is pennies on the dollar and offers any investor the chance for a huge return on a very small investment. The condo is 686 square feet, 1 bedroom and 1 bathroom with a kitchen, dining room, living room, and a large balcony. One thing to keep in mind as a holding cost while it's vacant is that there's a $2,660/month condo fee for this senior community, which includes 30 restaurant quality meals per month, weight room,
swimming pool, jacuzzi, security, activities and amenities galore. So, you don't want to let it sit vacant for long!
900 N. Jefferson St, Arlington, VA 22203
AVAILABLE RIGHT NOW FOR $47,000
Here are some 2018 comps for the same sized unit in this complex:
1. 900 Taylor St, Unit #1004 sold for $99,000 (1 day on market)
2. 900 Taylor St, Unit #2010 sold for $105,000
3. 900 Taylor St, Unit #1908 sold for $130,000
Currently, this unit is in great shape, as is, but could use a few cosmetic upgrades to bring in a top dollar sale. We're offering this unit so far below its true market value to bring a quick sale, hopefully to a cash buyer.
Here's a short video tour of the unit:
