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Updated over 1 year ago on .

User Stats

15
Posts
9
Votes
Daniel Bertozzi
  • Investor
  • Alexandria/Arlington/Northern Virginia
9
Votes |
15
Posts

Motivated Seller! - Opportunity to buy 50-100k+ equity - Condo in Arlington, Virginia

Daniel Bertozzi
  • Investor
  • Alexandria/Arlington/Northern Virginia
Posted

Could be a repeat post - Location of Arlington, VA is not available on the site. 

Disclosure up front - I am a real estate agent and investor in the state of Virginia.

An opportunity has arose from an individual in my network for a condo in Arlington, Virginia. The seller is EXTREMELY motivated and has already moved to their new home a few months ago. They don't owe a ton on the property and are very tired of making 2 mortgage payments. There is an incredible opportunity to buy serious equity and have the seller buy down your interest rate/cover closing costs!

General information (more will be provided to anyone seriously interested):

2 bed/2 bath - nearly 1,000 sqft - 3 properties that sold in the same building, with the same bed/bath/sqft/layout went for $600-618k. I believe this property would go for low to mid $500s with a healthy seller concessions! The condo fees are lower than the surrounding area, has a beautiful pool, roof top, is located within walking distance to a metro, and has a motivated seller!!

There are 4 rentals within the last few months in the same building and across the street with (1) renting at $3,000 and the other (3) at $3,100. Rental rates in this area will continue to rise and when the market heats back up in the spring, this property is likely to appreciate even more! Take advantage of what the market gives you in the slow season! Sellers still need to sell and walking into $50-100k+ equity in Northern Virginia on day 1 is a STEAL!

If you are interested, please let me know and we can set up a call/showing ASAP! Just reply or message me with your contact information. I'm an agent with an investor first mentality. If you want a deal, I'll find it!

Offering
Washington, DC