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1 Bed
1 Bath
559 sqft

$134,995

1121 ARLINGTON BOULEVARD Unit: 620, ARLINGTON VA, 22209

Price per sqft$241.49
Built in1955
Property size559 sqft
Property typeCondominium

Overview

Active

Active-bright

Listed Oct 23, 2026

Updated 11h ago

**TENANT-OCCUPIED ONE-BEDROOM CO-OP WITH GARAGE PARKING SPACE — RIVER PLACE, ROSSLYN** This 559-square-foot, one-bedroom, one-bathroom co-op at River Place includes a separately leased garage parking space. Both the apartment and parking space are tenant-occupied, providing immediate rental income. **APARTMENT — N620** The apartment features two large picture windows providing abundant natural light, a remodeled kitchen, and generous closet space. New kitchen cabinets and countertops were installed in 2025, and the apartment received new flooring and fresh paint in June 2026. The apartment is leased through June 24, 2027, at $1,900 per month. Monthly financials: - Rental income: $1,900 - Co-op fee: $518 (includes electricity, gas, and water) - Property taxes: $137.75 - Estimated insurance: $20 - Total anticipated expenses: $675.75 - **Anticipated net monthly income: $1,224.25** **GARAGE PARKING — MP-316** Included in the offering is MP-316, a garage parking space in the North-East Garage, with an estimated value of $8,000. The parking space is separately leased through December 31, 2026, at $145 per month. Monthly financials: - Rental income: $145 - Parking fee: $82.93 - **Net monthly income: $62.07** **COMBINED INVESTMENT SUMMARY** - Asking price: $134,995 - Total monthly rental income: $2,045 - Total anticipated monthly expenses: $758.68 - **Total anticipated net monthly income: $1,286.32** - **Total anticipated annual net income: $15,435.84** - **Anticipated annual cash return: 11.43%** The anticipated annual cash return assumes an all-cash purchase at the asking price, with both properties rented at their current rates for 12 months. Calculations exclude closing costs, vacancies, repairs, maintenance, and other unanticipated expenses. **RIVER PLACE COMMUNITY** River Place is a gated cooperative community in Rosslyn, Arlington, offering a variety of amenities, including an outdoor swimming pool, jacuzzi, fitness center, sauna, steam room, outdoor grilling area, community party room, bicycle storage, large laundry room, concierge services, secure package handling, and 24-hour gated security. The community is approximately a five-minute walk from the Rosslyn Metro station, served by the Orange, Silver, and Blue Lines, providing convenient access to Washington, DC, the Pentagon, Reagan National Airport, Tysons, and surrounding areas. Nearby shopping, dining, and services include Safeway, Target, CVS, Chipotle, District Taco, and numerous other establishments. Both the apartment and parking space are currently leased, with rental payments consistently received on time or early. **IMPORTANT INFORMATION FOR PROSPECTIVE PURCHASERS** All information, including rental income, operating expenses, property details, and financial projections, is provided for informational purposes only and is believed to be accurate but is not guaranteed. Expenses, fees, taxes, rental income, and other circumstances may change. The anticipated annual cash return is an estimate based on the stated assumptions and is not a guarantee of future performance or profitability. Prospective purchasers are encouraged to independently verify all information, review the applicable leases and cooperative documents, conduct their own due diligence, and perform their own financial calculations to determine whether this investment meets their individual objectives. No representation or warranty is made regarding future rental income, occupancy, expenses, investment returns, or appreciation.

$898/mo

Est. mortgage payment based on a $134,995 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
VAAR2081334

Interior Features

Bedrooms
1
Bathrooms
1
Heating
Yes
Basement
No

Other Property Details

Taxes
$1,605
Tax Frequency
Annually
Secondary Association Fee
$518
Secondary Association Fee Frequency
Monthly
Furnished
Yes
55+/Senior Community
No
MLS provider logo

Listed by Sweet Homes America Incorporated
Listing Contact: 7039443884 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/24/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Bright MLS, Inc. all rights reserved.

Data last updated on 10/24/2026 at 3:51 AM UTC

 

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