Residential Income Property with
For Sale
$389,999
11760 SUNRISE VALLEY DRIVE Unit 304, Reston, VA 20191
A gas fireplace and private balcony add useful features to the two-bedroom unit.
Property Size922 SF
Price / SF$422.99
Days on Market29
Property Features for 11760 SUNRISE VALLEY DRIVE Unit 304
General Information
Standard status
Active
Size
922 SF
Total Parking Spaces
2
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Multifamily Units
1
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$4,121
Amenities
Gas fireplace
Soaring windows overlooking pool
Stainless Steel Appliances
Granite Counter Tops
Engineered Hardwood floors
Balcony
Fireplace in LR
Building Details
Building Size
922 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Ashton A Vessali · License #0225164718
(301) 502-7123
Source:
Catoctinproperties
Added: Oct 7
Changed: Oct 31
Last Checked: Nov 3 at 6:16AM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 2006, this 922-square-foot residential unit has two bedroom suites and two walk-in closets. Interior features include engineered hardwood flooring, granite countertops, stainless steel appliances, and a gas fireplace in the living room. The unit also has a balcony and has been freshly painted; its HVAC system and water heater were recently replaced.
Two underground parking spaces are positioned beside one another near the elevator.
Two underground parking spaces are positioned beside one another near the elevator.
Key Highlights
- 922‑square‑foot unit built in 2006
- Two bedroom suites and two walk‑in closets
- Gas fireplace in the living room and a balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,801
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$276,020
$276.0K
Cap Rate 7%
$197,157
$197.2K
Cap Rate 9%
$153,344
$153.3K
Market Conditions
NOI Build-Up for 922 SF
Gross rent
$26.6K $28.80/SF
− Vacancy
−$1.5K −$1.58/SF
EGI
$25.1K $27.22/SF
− OpEx
−$11.3K −$12.25/SF
NOI
$13.8K $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%
$276,020
Cap Rate 7%
$197,157
Cap Rate 9%
$153,344
Alternative Uses
Best Use
Apartment 5plus
$197.2K
$172.5K – $230.0K
NOI $13,801 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.86M
$3.38M – $4.51M
NOI $270,536 @ 7.0% cap · market cap 69.37%
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
2,716
Businesses Nearby
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Business Placement
Demographics for 20191, VA
29,948
Population
12,744
Households
2.3
Avg Household Size
39
Median Age
66%
College-Educated
93%
High-School Grad
7.8 sq mi
ZIP Area
3,839
Density / Sq Mi
$141,019
Median Household Income
$62,313
Median Earnings
$1,983
Median Rent
$616,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A gas fireplace and private balcony add useful features to the two-bedroom unit.
Where is this residential income property located?
The property is located at 11760 SUNRISE VALLEY DRIVE Unit 304 Reston, VA.
What is the asking price?
The asking price for this property is $389,999.
What are key features of this property?
This property features: 922‑square‑foot unit built in 2006; Two bedroom suites and two walk‑in closets; Gas fireplace in the living room and a balcony
