Here's a great deal in Arlington's top rated senior community, The Jefferson. Any investor, of any age, can buy, own, hold as a rental and/or flip this property.
This opportunity is pennies on the dollar and the buyer can potentially enjoy a huge return on a very small investment. The condo is 789 square feet on the corner of the building (lots of light & views), 1-2 bedrooms and 1 bathroom with a kitchen and large living room/dining room combo.
The Jefferson is centrally located in Ballston and this unit enjoys views of Washington, D.C., Arlington and Alexandria. This location is convenient to everything, plus the Ballston Metro Stop and Ballston Quarter Shopping Mall are only a couple hundred feet away.
AVAILABLE RIGHT NOW FOR $57,000
Why is this condo such an amazing opportunity and investment at $57,000? To begin with, the current Arlington County Tax Assessment for this unit is $129,600. Additionally, here are some recent comparable sales for this unit, in this complex:
1. 900 N. Taylor St, Unit #1606 sold for $120,000 on Jan 31, 2019
2. 900 N. Taylor St, Unit #1224 sold for $129,900 on May 1, 2019 (last week)
3. 900 N. Taylor St, Unit #1524 sold for $129,900 on July 7, 2018
This unit is in great shape, as is, and really doesn't need any improvements. However, to maximize its value, some minor cosmetic updates and kitchen improvements (like granite counters) could be considered. 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:
