Updated Residential Income
For Sale
$350,000
19365 CYPRESS RIDGE TERRACE Unit 114, Leesburg, VA 20176
A first-level two-bedroom, two-bath residence includes a sunroom and access to community recreation facilities.
Property Size1,251 SF
Price / SF$279.78
Days on Market55
Property Features for 19365 CYPRESS RIDGE TERRACE Unit 114
General Information
Standard status
Active
Size
1,251 SF
Elevators
Yes
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,914
Amenities
sprawling clubhouse
fitness center
indoor pool
tennis and pickleball courts
beautifully landscaped grounds
Building Details
Building Size
1,251 SF
Year Built
2004
Listing Agency:
eXp Realty
Listed By:
Canopy Property Group · License #670867
(202) 410-0672
Source:
Canopy-re
Added: Sep 4
Changed: Oct 26
Last Checked: Oct 26 at 2:47PM
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 eXp Realty
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 1,251-square-foot residence in a 2004-built building has two bedrooms, two bathrooms, and a sunroom. Improvements completed in 2022 include kitchen countertops, newer appliances, lighting, ceiling fans, blinds, and sunroom carpeting. The HVAC system was also installed in 2022. The unit is on the first level, accessible by elevator.
The property is in a 55+ community in Leesburg. Shared amenities include a clubhouse, fitness center, indoor pool, tennis and pickleball courts, and landscaped grounds. These facilities offer residents options for recreation and community activities.
The property is in a 55+ community in Leesburg. Shared amenities include a clubhouse, fitness center, indoor pool, tennis and pickleball courts, and landscaped grounds. These facilities offer residents options for recreation and community activities.
Key Highlights
- 1,251‑square‑foot residence with two bedrooms, two bathrooms, and a sunroom
- 2022 improvements include kitchen countertops, newer appliances, lighting, ceiling fans, blinds, and sunroom carpeting
- HVAC system installed in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,511
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,220
$390.2K
Cap Rate 7%
$278,729
$278.7K
Cap Rate 9%
$216,789
$216.8K
Market Conditions
NOI Build-Up for 1,251 SF
Gross rent
$38.0K $30.36/SF
− Vacancy
−$2.5K −$2.00/SF
EGI
$35.5K $28.36/SF
− OpEx
−$16.0K −$12.76/SF
NOI
$19.5K $15.60/SF
Area
Loudoun County, VA
Vacancy
6.60%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,220
Cap Rate 7%
$278,729
Cap Rate 9%
$216,789
Alternative Uses
Best Use
Apartment 5plus
$278.7K
$243.9K – $325.2K
NOI $19,511 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$392.1K
$343.1K – $457.4K
NOI $27,444 @ 7.0% cap · market cap 7.84%
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
Location Intelligence
Trade Area within ½ mile
1,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 20176, VA
51,777
Population
17,044
Households
3
Avg Household Size
38
Median Age
59%
College-Educated
94%
High-School Grad
54.9 sq mi
ZIP Area
943
Density / Sq Mi
$166,870
Median Household Income
$67,473
Median Earnings
$2,089
Median Rent
$702,400
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 - A first-level two-bedroom, two-bath residence includes a sunroom and access to community recreation facilities.
Where is this residential income property located?
The property is located at 19365 CYPRESS RIDGE TERRACE Unit 114 Leesburg, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,251‑square‑foot residence with two bedrooms, two bathrooms, and a sunroom; 2022 improvements include kitchen countertops, newer appliances, lighting, ceiling fans, blinds, and sunroom carpeting; HVAC system installed in 2022
