Residential Income
For Sale
$225,000
7600 SAVANNAH STREET Unit 102, Falls Church, VA 22043
Built in 1965, the residence has a garden view and is offered in as-is condition.
Property Size829 SF
Price / SF$271.41
Days on Market83
Property Features for 7600 SAVANNAH STREET Unit 102
General Information
Standard status
Active
Size
829 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$3,578
Building Details
Building Size
829 SF
Year Built
1965
Listing Agency:
More Options Realty
Listed By:
Coretta McKinney · License #0225059832
(703) 831-1077
Source:
Jackrealtygroup
Added: Aug 7
Changed: Oct 27
Last Checked: Oct 26 at 2:55PM
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 More Options Realty
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Investment Insights
Based on property information with market context.
Unit 102 is located at 7600 Savannah Street in Falls Church, Virginia. The residence was built in 1965 and has a garden view. The property is offered as-is.
Key Highlights
- Unit 102 at 7600 Savannah Street in Falls Church, VA 22043
- Built in 1965
- Garden view
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,409
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,180
$248.2K
Cap Rate 7%
$177,271
$177.3K
Cap Rate 9%
$137,878
$137.9K
Market Conditions
NOI Build-Up for 829 SF
Gross rent
$23.9K $28.80/SF
− Vacancy
−$1.3K −$1.58/SF
EGI
$22.6K $27.22/SF
− OpEx
−$10.2K −$12.25/SF
NOI
$12.4K $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%
$248,180
Cap Rate 7%
$177,271
Cap Rate 9%
$137,878
Alternative Uses
Best Use
Apartment 5plus
$177.3K
$155.1K – $206.8K
NOI $12,409 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.47M
$3.04M – $4.05M
NOI $243,247 @ 7.0% cap · market cap 108.11%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
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Business Placement
Demographics for 22043, VA
25,850
Population
10,316
Households
2.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
4.7 sq mi
ZIP Area
5,500
Density / Sq Mi
$143,836
Median Household Income
$80,230
Median Earnings
$2,136
Median Rent
$868,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 1965, the residence has a garden view and is offered in as-is condition.
Where is this residential income property located?
The property is located at 7600 SAVANNAH STREET Unit 102 Falls Church, VA.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Unit 102 at 7600 Savannah Street in Falls Church, VA 22043; Built in 1965; Garden view
