This exceptional 1st floor residential unit in the Cedar Lee Condominium complex presents a unique investment opportunity. This contemporary garden-style apartment boasts 936 square feet of well-designed living space, featuring two bedrooms and two full bathrooms. The property benefits from an association that covers essential services, including common area maintenance, exterior building maintenance, snow removal, and trash collection, ensuring low management overhead for investors. The unit includes in-unit laundry facilities and offers two dedicated parking spaces, enhancing tenant appeal and retention. Strategically located, this property is poised for appreciation in value, driven by the overall demand for quality rental units in the area. Investors can anticipate strong rental yields and long-term capital growth, making this an attractive addition to any real estate portfolio.
Tenant in place at $1,775/month through 1/31/2027. Tenant requires 24 hours notice to schedule a showing.
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Listing Snapshot
Price
$224,900
Days On Site
121 Days
Bedrooms
2
Inside Area (SqFt)
936 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
N/A
Year Built
1990
MLS® Number
VAFQ2022414
Status
Active
Property Tax
$1,569
HOA/Condo/Coop Fees
$250 monthly
Sq Ft Source
Assessor
Friends & Family
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