Condominium Apartment
For Sale
$235,000
6800 FLEETWOOD ROAD Unit 408, Mc Lean, VA 22101
The condominium association covers air conditioning, electricity, and maintenance.
Property Size593 SF
Price / SF$396.29
Days on Market24
Property Features for 6800 FLEETWOOD ROAD Unit 408
General Information
Standard status
Active
Size
593 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,789
Amenities
outdoor pools
fitness centers
tennis courts
basketball courts
laundry facilities
Building Details
Building Size
593 SF
Year Built
1975
Listing Agency:
Metro Homes DMV LLC
Listed By:
Patricia Caraballo · License #0225195827
(571) 839-4785
Source:
Jackrealtygroup
Added: Oct 10
Changed: Nov 2
Last Checked: Oct 31 at 2:24PM
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 Metro Homes DMV LLC
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Investment Insights
Based on property information with market context.
This condominium apartment is within a mid-rise building constructed in 1975. The unit has a full bathroom and a dedicated parking space. Air conditioning, electricity, and maintenance are covered by the condominium association.
Shared facilities include outdoor pools, fitness centers, tennis courts, basketball courts, and resident laundry facilities.
Shared facilities include outdoor pools, fitness centers, tennis courts, basketball courts, and resident laundry facilities.
Key Highlights
- Full bathroom in the condominium unit
- Dedicated parking space
- Association covers air conditioning, electricity, and maintenance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,876
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,520
$177.5K
Cap Rate 7%
$126,800
$126.8K
Cap Rate 9%
$98,622
$98.6K
Market Conditions
NOI Build-Up for 593 SF
Gross rent
$17.1K $28.80/SF
− Vacancy
−$939 −$1.58/SF
EGI
$16.1K $27.22/SF
− OpEx
−$7.3K −$12.25/SF
NOI
$8.9K $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%
$177,520
Cap Rate 7%
$126,800
Cap Rate 9%
$98,622
Alternative Uses
Best Use
Apartment 5plus
$126.8K
$111.0K – $147.9K
NOI $8,876 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.90M
NOI $174,000 @ 7.0% cap · market cap 74.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,172
Businesses Nearby
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Business Placement
Demographics for 22101, VA
31,414
Population
11,316
Households
2.8
Avg Household Size
45
Median Age
86%
College-Educated
97%
High-School Grad
13.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$250,001
Median Household Income
$126,648
Median Earnings
$3,407
Median Rent
$1,282,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The condominium association covers air conditioning, electricity, and maintenance.
Where is this residential income property located?
The property is located at 6800 FLEETWOOD ROAD Unit 408 Mc Lean, 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: Full bathroom in the condominium unit; Dedicated parking space; Association covers air conditioning, electricity, and maintenance
