For Sale

$225,000

5701 Indian Ct Unit 8, Alexandria, VA 22303

2Beds
1Bath
1069SqFt

2Beds
1Bath
1069SqFt

Property Type
Condo
Year Built
1967
HOA Fees
$799/mo
Price per Sqft
$210
On highrises
3 Days

Property Details

This income-producing property, with a tenant secured under lease until August, presents a stable and attractive investment opportunity. Generating $24, 000 in annual rental income, the property has strong potential for long-term cash flow. Additionally, all utilities are covered under the condo fee, reducing operating costs further. Heres a detailed breakdown of the financials: Expenses Overview: Condo Fee: $732 per month ($8, 784 annually), includes all utilities Property Taxes: $2, 271 annually Insurance (Assumption): $150 per month ($1, 800 annually) Vacancy Rate (Assumption): 3% ($720 annually), reflecting a high-demand area with low tenant turnover Capital Expenditures (Assumption): 5% ($1, 200 annually), considering condo conv Total Expenses: $14, 775 annually Net Operating Income (NOI): $9, 225 annually Property is cash, VA or portfolio lender.

Property Features

Bedrooms

Bedrooms: 2

Bathrooms

Total Bathrooms: 1
Full Bathrooms: 1

Heating and Cooling

Cooling Features: Central A/C
Heating Features: Forced Air
Heating: Yes

Appliances

Washer Dryer Hookup: No

Garage and Parking

Parking Features: Assigned, Parking Lot Spaces: 1, Parking Lot
Parking Total: 1

Homeowners Association

Association: No
Association Fee: 799
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 799

School Information

School District: FAIRFAX COUNTY PUBLIC SCHOOLS

Other Property Info

Annual Tax Amount: 2423.0
Source Listing Status: Coming Soon
County: FAIRFAX
Disclaimer: Standard
Ownership: Condominium
Source Property Type: Residential
Area: FAIRFAX
Property Subtype: condo
Source Neighborhood: HUNTINGTON CLUB
Postal Code Plus 4: 2643
Subdivision: HUNTINGTON CLUB
Source System Name: C2C

Building and Construction

Total Square Feet Living: 1069
Year Built: 1967
Above Grade Finished Area: 1069
Construction Materials: Combination
Property Age: 58
Levels or Stories: 1
Structure Type: Unit/Flat/Apartment
House Style: Traditional
Total Area Sqft: 1069

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
02/12/2025	Listed	$225,000	$210	BrightMLS
08/27/2023	Listing removed	$2,000	$2	BrightMLS
08/23/2023	Listed for rent	$2,000	$2	BrightMLS
08/20/2023	Listing removed	-	-	BrightMLS
08/07/2023	Listed for rent	$2,000	$2	BrightMLS
08/03/2023	Sold	$210,000	$196	BrightMLS
07/24/2023	Listed	$215,000	$201	BrightMLS

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2023	$2,247	$40,000	+	$159,140	=	$199,140
2022	$2,277	$40,000	+	$159,140	=	$199,140
2021	$2,336	$40,000	+	$159,140	=	$199,140
2020	$2,356	$40,000	+	$159,140	=	$199,140
2019	$2,290	$39,000	+	$154,500	=	$193,500
2018	$2,074	$36,000	+	$144,390	=	$180,390
2017	$1,991	$34,000	+	$137,510	=	$171,510

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
2606 Indian Dr Apt 2D	$220K	2	1	1069	1069
2107 Farrington Ave	$639K	3	3	1269	2753
2612 Fort Farnsworth Rd Unit 263-1	$185K	2	1	950	950
5904 Mount Eagle Dr Apt 1104	$695K	2	2	1525	1525
5902 Mount Eagle Dr Apt 905	$500K	2	2	1305	1305
2451 Midtown Ave Apt 1217	$425K	2	1	1090	1090

Presented by:
Bret Nida

This listing is presented by Redfin Corporation

Broker Location:

FALLS CHURCH

Data Source:

BrightMLS

Source's Property ID:

VAFX2220664

Data Source Copyright:

$225,000

5701 Indian Ct Unit 8, Alexandria, VA 22303