Updated Condominium with Enclosed
5902 MOUNT EAGLE DRIVE Unit 714, Alexandria, VA 22303
For Sale
$690,000
The residence includes assigned indoor garage parking, a separate storage unit and access to an extensive set of community amenities.
Property Size1,525 SF
Price / SF$452.46
Days on Market118
Property Features for 5902 MOUNT EAGLE DRIVE Unit 714
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
full-service grille and bar
indoor saltwater pool
outdoor saltwater pool
hot tub
fitness center
sauna
bowling alley
game room
billiards
picnic hill with fire pit, stage and putting green
tennis courts
walking trails
dog park
complimentary weekday shuttle
24-hour gated entrance
monitored and patrolled safety access officers
professional on-site management
Building Details
Building Size
Year Built
Listing Agency:
Weichert, REALTORS
Listed By:
Leslie J Rodriguez · License #0225143663
(703) 400-3010
Source:
Horsefarmsandcountryhomes
Added: Jul 15
Changed: Nov 8
Last Checked: Nov 8 at 4:17PM
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 Weichert, REALTORS
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 1,525-square-foot condominium, built in 1982, has been renovated and includes an enclosed balcony with heated tile flooring and newer sliding doors. The kitchen has updated finishes, generous cabinetry, an induction cooktop and a convection oven. Both bathrooms have been updated, and a separate storage unit and assigned indoor garage space are included.
Montebello encompasses 35 wooded acres and offers indoor and outdoor saltwater pools, a fitness center, tennis courts, walking trails, a bowling alley and a dog park. A complimentary weekday shuttle connects residents with the Huntington Metro and nearby shopping. The community also has a 24-hour gated entrance and on-site management.
Montebello encompasses 35 wooded acres and offers indoor and outdoor saltwater pools, a fitness center, tennis courts, walking trails, a bowling alley and a dog park. A complimentary weekday shuttle connects residents with the Huntington Metro and nearby shopping. The community also has a 24-hour gated entrance and on-site management.
Key Highlights
- 1,525‑square‑foot condominium with an enclosed balcony
- Renovated kitchen with induction cooktop and convection oven
- Assigned indoor garage parking and separate storage unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,377
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,540
$467.5K
Cap Rate 7%
$333,957
$334.0K
Cap Rate 9%
$259,744
$259.7K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$44.8K $29.40/SF
− Vacancy
−$2.3K −$1.53/SF
EGI
$42.5K $27.87/SF
− OpEx
−$19.1K −$12.54/SF
NOI
$23.4K $15.33/SF
Area
Alexandria, VA
Vacancy
5.20%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,540
Cap Rate 7%
$333,957
Cap Rate 9%
$259,744
Alternative Uses
Best Use
Apartment 5plus
$334.0K
$292.2K – $389.6K
NOI $23,377 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$847.0K
$741.2K – $988.2K
NOI $59,292 @ 7.0% cap · market cap 8.59%
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
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 22303, VA
16,109
Population
8,669
Households
1.9
Avg Household Size
36
Median Age
61%
College-Educated
92%
High-School Grad
1.9 sq mi
ZIP Area
8,478
Density / Sq Mi
$103,822
Median Household Income
$69,699
Median Earnings
$2,050
Median Rent
$547,300
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 - The residence includes assigned indoor garage parking, a separate storage unit and access to an extensive set of community amenities.
Where is this residential income property located?
The property is located at 5902 MOUNT EAGLE DRIVE Unit 714 Alexandria, VA.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 1,525‑square‑foot condominium with an enclosed balcony; Renovated kitchen with induction cooktop and convection oven; Assigned indoor garage parking and separate storage unit
