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1011 Arlington Boulevard N Unit 403 , Arlington, VA 22209
$120,000
Est. Payment: $628.66/mo
1 Bath
401 Sqft
Status: active | Days on site: 10
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SWEETH1 - 3084831
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House Description

TENANT-OCCUPIED STUDIO CO-OP — RIVER PLACE, ROSSLYN This 401-square-foot studio co-op at River Place is tenant-occupied, providing immediate rental income. APARTMENT — S403 Located in one of the community's most sought-after buildings, this studio features a large picture window providing abundant natural light, an updated kitchen, and generous closet space. The apartment was freshly painted and had new carpet installed earlier this year. The apartment is leased through April 6, 2027, at $1,425 per month. Monthly financials: • Rental income: $1,425 • Co-op fee: $279 (includes electricity, gas, and water) • Property taxes: $107.83 • Estimated insurance: $20 • Total anticipated expenses: $406.83 • Anticipated net monthly income: $1,018.17 INVESTMENT SUMMARY • Price: $120,000 • Total monthly rental income: $1,425 • Total anticipated monthly expenses: $406.83 • Total anticipated net monthly income: $1,018.17 • Total anticipated annual net income: $12,218.04 • Anticipated annual cash return: 10.18% The anticipated annual cash return assumes an all-cash purchase at the asking price, with the apartment rented at its current rate 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. The apartment is currently leased, providing rental income from an existing tenant. 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 lease 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.

Highlights

Listed by Amber Williams , 7039443884 Sweet Homes America Incorporated , 7039443884. Bright MLS

Property Type

Condo

Year Built

1955

County

Arlington

Neighborhood

River Place

School District

Arlington County Public Schools

Listing ID

VAAR2081570

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Air Cond:Convector
Fireplaces:
Above Ground Sq Ft:401
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:RA4.8
Others:
  • ▪ Additional:Bank / Banking On-site, Beauty Salon, Billiard Room, Common Grounds, Concierge, Convenience Store, Dog Park, Elevator, Exercise Room, Fencing, Fitness Center, Gated Community, Hot tub, Laundry Facilities, Meeting Room, Party Room, Picnic Area, Pool - Outdoor, Sauna, Security, Swimming Pool, Tot Lots/Playground, Air Conditioning, Electricity, Ext Bldg Maint, Gas, Heat, Lawn Maintenance, Management, Pest Control, Pool(s), Reserve Funds, Road Maintenance, Security Gate, Sewer, Snow Removal, Trash, Water
Sewer:Public Sewer
Principal Interest
$629
Taxes
$104

Home Price

$120,000

Loan Details

30 yrs
6.844%

Down Payment

20%
$24,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$628.66

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $628.66 $103.83 $279.00 $1,011.50
Yearly $7,543.97 $1,246.00 $3,348.00 $12,137.97
Total $226,319.19 $37,380.00 $100,440.00 $364,139.19
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Arlington, VA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T23:12:42.000Z

© 2026 Bright MLS