Wednesday, May 25, 2011

Condo Available in Fox Chapel

I am pleased to announce a great little listing that all you investors need to look at closely!

It's a two bedroom, two bath condo on the second floor in Fox Chapel in Leesburg, VA.  It's 925 square feet, and has a balcony overlooking the pool!  The address is 106 Fort Evans Road, SE, Unit D

Each home here comes with a reserved parking space and since visitor parking is right beside this building, you'll never have parking nightmares here.

What makes it a great investment property?  The numbers work here.  We're selling for $99,000; and rental comps are $1200 a month, easily.

Why is it priced so low?  It needs a little TLC and it's a short sale. 

Really, I suspect it just needs carpet and paint, but even that is a "fixxer upper" for most people looking to buy a new place to call their own.  The kitchen is dated but fully functional, and all mechanicals are in great shape from what I can tell.

This home is a short sale, and has two loans with two banks.  So, I also need a patient buyer.

If I have described you and you'd like more information, give me a jingle and let's get the ball rolling.  If you, on the other hand, are looking for a condo for yourself, I am happy to talk with you about this home.  There are limitations... you'll have to know what your financing/lender requirements are.  The owner occupancy at Fox Chapel is 47% with a 15% delinquency rate.  This means the project does not qualify for many types of financing.  If you're financing plan allows you to purchase at Fox Chapel, I am happy to show you this or any other condo or home that might meet your criteria. 


If you're looking for a buyer's agent who can help analyze options for your personal circumstance, hire someone who really knows the local real estate market.  Hire me!

Vicky Chrisner
703-669-3142