We often focus much of our attention on houses, townhouses, and condos for sale in Arlington which is why in today’s blog post we’re going to take a look at multi-unit houses for sale.
These are houses that accommodate two or more separate units within the household. According to MRIS, there are currently three multi-unit homes on the market right now. Some of the houses would be great for the next owner to live in one of the units, while the other unit(s) are rented out. While some of these homes would be great as strictly an investment property will all the units being rented out to tenants.
Let’s take a look:
This four-unit Colonial in Cherrydale backs up to Oak Grove Park and is walking distance to Washington-Lee High School. The six-bedroom, five-bath house contains over 2,100 square feet of living space. The home is made up of one studio, one one-bedroom, one two-bedroom, and one three-bedroom apartment. all units are currently occupied for a total of $6,300 per month. One thing to note is that the property was recently purchased in July for $735,000 and is now immediately back on the market at $899,000.
This small Cape Cod is nestled in between Lee Highway and Old Dominion Drive and is walking distance to the Lee Heights Shops. The home is recognized as two units and has three bedrooms and two bathrooms on the top two levels to go along with a two bedroom, one bath apartment in the basement. The home has a good-sized backyard and is a good candidate for an addition or a renovation.
This three-unit home has an amazing location as it is situated in the Lyon Village neighborhood and is only one block to the Clarendon Metro. The home features one four-bedroom unit, one two-bedroom unit, and one studio apartment that combine to bring in a monthly rental income of $8,000. A large off-street driveway comes with the property that can hold up to six cars. The home is also zoned for Zone 6 residential permit parking. This is the first time the home has hit the market in over 40 years and arguably offers the best location of any type of property currently listed for sale in Arlington.
Multi-unit homes rarely come available for sale in Arlington. These types of properties can make for a great investment if purchased at a good price and managed properly.
What are your thoughts on multi-unit homes? Have you purchased or considered purchasing a multi-unit home? And which one of these three offers the best deal? Let us know in the comment section below!
note: au pair/in-law suites were not included in this list