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
