With a $10,000 in price correction in your favor, why not start the new year right with the gift of home ownership and solid investment? This condo home comes with 2 bedrooms, 2 full-bathrooms, 2 balconies, newly installed washer and dryer, and 2 parking spaces (1-car garage and garage driveway). My clients loved this home because it is located less than 0.4 mi away from Route 50 and 0.7 mi away from I-66, with Wegmans being less than 1.4 mi away and Fair Oaks Mall being roughly 1.9 mi away from the home. Community amenities include fitness center membership, access to game room and clubhouse, a community swimming pool. picnic areas, business center, security gate, and playground access throughout the neighborhood. In addition to those amenities, my clients also appreciated the overall continuity they felt within the community as a whole. Investors - This is a garden style condo with an average cap rate of 7.178%. (Cap rate is based on acquisition cost at new list price and average rent of 2/2 condo homes in the community from 06/01/2018 to 12/01/2018. Average rent over that 180 day period was $1,883.50. ) Combine that with a highly motivated home seller and an asset like this will be highly sought after by real estate investors.
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