Two-Bedroom Residential Income
For Sale
$295,000
1031 GARDENVIEW LOOP Unit 201, Woodbridge, VA 22191
An in-unit washer and dryer and an open-plan layout are among the features of this two-bedroom, two-bath home.
Property Size941 SF
Price / SF$313.50
Days on Market223
Property Features for 1031 GARDENVIEW LOOP Unit 201
General Information
Standard status
Active
Size
941 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Average Monthly Rent
$2,150
Multifamily Units
1
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,658
Amenities
in-unit washer/dryer
Building Details
Building Size
941 SF
Year Built
1996
Listing Agency:
RE/MAX Galaxy
Listed By:
Maheen Pirzada
(571) 344-9107
Source:
Irvinrealtyllc
Added: Mar 20
Changed: Oct 27
Last Checked: Oct 27 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Galaxy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 941-square-foot residential income condo was built in 1996 and has two bedrooms and two full bathrooms. Its open layout includes an in-unit, full-size washer and dryer. Interior finishes include stainless steel appliances and granite countertops; the home has also been freshly painted and the floors polished.
The property is in Woodbridge, near I-95, Route 1, the Virginia Railway Express, commuter lots, and HOV access. Shopping, dining, and everyday services are also in the surrounding area.
The property is in Woodbridge, near I-95, Route 1, the Virginia Railway Express, commuter lots, and HOV access. Shopping, dining, and everyday services are also in the surrounding area.
Key Highlights
- 941‑square‑foot condo with two bedrooms and two full bathrooms
- Full‑size washer and dryer located in the unit
- Stainless steel appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,651
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,020
$253.0K
Cap Rate 7%
$180,729
$180.7K
Cap Rate 9%
$140,567
$140.6K
Market Conditions
NOI Build-Up for 941 SF
Gross rent
$23.7K $25.20/SF
− Vacancy
−$711 −$0.76/SF
EGI
$23.0K $24.44/SF
− OpEx
−$10.4K −$11.00/SF
NOI
$12.7K $13.44/SF
Area
Prince William County, VA
Vacancy
3.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,020
Cap Rate 7%
$180,729
Cap Rate 9%
$140,567
Alternative Uses
Best Use
Apartment 5plus
$180.7K
$158.1K – $210.9K
NOI $12,651 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$276.4K
$241.8K – $322.4K
NOI $19,345 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 22191, VA
74,189
Population
26,127
Households
2.8
Avg Household Size
34
Median Age
39%
College-Educated
87%
High-School Grad
15.4 sq mi
ZIP Area
4,817
Density / Sq Mi
$107,993
Median Household Income
$49,388
Median Earnings
$2,069
Median Rent
$432,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An in-unit washer and dryer and an open-plan layout are among the features of this two-bedroom, two-bath home.
Where is this residential income property located?
The property is located at 1031 GARDENVIEW LOOP Unit 201 Woodbridge, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 941‑square‑foot condo with two bedrooms and two full bathrooms; Full‑size washer and dryer located in the unit; Stainless steel appliances and granite countertops
