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.
49 days
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659
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18
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Zillow last checked:
Listing updated:
Listed by:
Nicholas Digby540-379-7965,
RE/MAX Gateway(703) 652-5777
Source: Bright MLS,MLS#: VAFQ2022414
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 2
Basement
Area: 0
Heating
Central, Electric
Cooling
Central Air, Electric
Appliances
Included: Electric Water Heater
Laundry: Washer In Unit, Dryer In Unit, In Unit
Features
Has basement: No
Has fireplace: No
Interior area
Total structure area: 936
Total interior livable area: 936 sqft
Finished area above ground: 936
Finished area below ground: 0
Property
Parking
Total spaces: 2
Parking features: Parking Lot
Accessibility
Accessibility features: None
Features
Levels: Three
Stories: 3
Pool features: None
Details
Additional structures: Above Grade, Below Grade
Parcel number: 6899227665102
Zoning: GA
Special conditions: Standard
Construction
Type & style
Home type: Condo
Architectural style: Contemporary
Property subtype: Condominium
Attached to another structure: Yes
Materials
Brick Front
Condition
New construction: No
Year built: 1990
Major remodel year: 2024
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Subdivision: Cedar Lee Condominium
HOA
Has HOA: Yes
Amenities included: None
Services included: Common Area Maintenance, Maintenance Structure, Snow Removal, Trash
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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