Updated Residential Income
For Sale
$235,000
10720 W WEST DRIVE Unit 103, Fairfax, VA 22030
The condo fee covers most utilities, with assigned parking and separate storage also included.
Property Size746 SF
Price / SF$315.01
Days on Market118
Property Features for 10720 W WEST DRIVE Unit 103
General Information
Standard status
Active
Size
746 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,240
Amenities
landscaped grounds
laundry facilities
secure building access
extra storage
Building Details
Building Size
746 SF
Year Built
1964
Listing Agency:
Houwzer, LLC
Listed By:
Angela Allison · License #0225208096
(540) 316-7589
Source:
Irvinrealtyllc
Added: Jul 2
Changed: Oct 26
Last Checked: Oct 26 at 3:50PM
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 Houwzer, LLC
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Investment Insights
Based on property information with market context.
This 746-square-foot, one-bedroom, one-bathroom condominium was built in 1964 and has an updated interior. The unit includes assigned parking and additional storage, while the condo fee covers most utilities. Community features include laundry facilities, landscaped grounds, and secure building access.
Shopping, dining, parks, George Mason University, and major commuter routes are nearby in Fairfax, Virginia.
Shopping, dining, parks, George Mason University, and major commuter routes are nearby in Fairfax, Virginia.
Key Highlights
- 746‑square‑foot condominium with 1 bedroom and 1 bathroom
- Updated interior
- Condo fee includes most utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,167
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,340
$223.3K
Cap Rate 7%
$159,529
$159.5K
Cap Rate 9%
$124,078
$124.1K
Market Conditions
NOI Build-Up for 746 SF
Gross rent
$21.5K $28.80/SF
− Vacancy
−$1.2K −$1.58/SF
EGI
$20.3K $27.22/SF
− OpEx
−$9.1K −$12.25/SF
NOI
$11.2K $14.97/SF
Area
Fairfax County, VA
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,340
Cap Rate 7%
$159,529
Cap Rate 9%
$124,078
Alternative Uses
Best Use
Apartment 5plus
$159.5K
$139.6K – $186.1K
NOI $11,167 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $218,893 @ 7.0% cap · market cap 93.15%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
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Business Placement
Demographics for 22030, VA
60,431
Population
21,758
Households
2.8
Avg Household Size
34
Median Age
67%
College-Educated
94%
High-School Grad
19.4 sq mi
ZIP Area
3,115
Density / Sq Mi
$139,885
Median Household Income
$61,628
Median Earnings
$2,242
Median Rent
$700,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condo fee covers most utilities, with assigned parking and separate storage also included.
Where is this residential income property located?
The property is located at 10720 W WEST DRIVE Unit 103 Fairfax, VA.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 746‑square‑foot condominium with 1 bedroom and 1 bathroom; Updated interior; Condo fee includes most utilities
