FAIRFAX/VIENNA TURNKEY RENTAL GROSSES $4,700/MO $480,000

[Jonathan W Holmes]

2919 CEDAR LN FAIRFAX VA

Mid century brick/block rambler on 1/2 acre lot with detached 2-car garage.  House is currently divided into 5 suites and fully occupied.  gross rent is $4,700/month.  Square footage includes finished basement.  Cedar Lane is  few blocks away from the new Modera Mosaic District.

Asking price $480,000, As-is cash or hard money $10,000 EMD to title attorney on assignment agreement.

Contingencies: zero inspection, current tenants must have 60 day notice to vacate.

ARV: Rehab and flip $650K +

ARV: Knock-down/redevelop $1 million +

Recently rehabbed houses on same street are mid $600's.  Knock-downs and custom homes go for $1mil+

Contact me on BP or contact information for questions and details.