$164,990
FOR SALE12701 Lotte Dr #301
Woodbridge, Va, 22192
MLS #VAPW2113830
Subdivision: Occoquan Ridge Condo
Building: Occoquan Ridge Condo
1 Beds
1/- Baths
707 sqft
$ 233.37 /sqft
x1f525;PRICE LEADER IN WOODBRIDGE x2013;About $20k BELOW THE NEAREST COMP! x1f525;Welcome to 12701 Lotte Dr, Unit 301! This is the lowest-priced 1-bedroom condo in the area, priced specifically for an investor or a savvy buyer looking to build immediate sweat equity. Top floor gem is available at $165,000** for a fast, "as-is" settlement.THE OPPORTUNITY:This 3rd-floor corner unit features 707 sq ft of living space open floor and a private balcony with open views. The condition is solid but datedx2014;primarily requiring cosmetic updates including new flooring, fresh paint, and a refresh of the kitchen and bathroom. This is a "base-hit" project with an estimated After Repair Value (ARV) of $200k+.THE INVESTOR "GOLDMINE":Stop worrying about rising utility costs! The monthly condo fee covers ALL UTILITIES (Electricity, Gas, and Water). For a landlord, this ensures predictable monthly expenses and exceptional cash-on-cash returns. Solid & Strong Rent comps are as high as $1750 a month. KEY FEATURES:Privacy: Top-floor location (3rd level) means no neighbors walking above you.Outdoor Living: Private balcony for morning coffee or evening air.Convenience: Reserved parking and on-site laundry facilities.Location: Prime Woodbridge locationx2014;quick access to I-95, Route 1, Occoquan Historic District water front , shopping, and dining.TERMS & CONDITION:Selling 100% AS-IS. While the unit is ready for your cosmetic touch, the high-ticket items are already handled: the A/C system is only 2 years old, and the appliances (including dishwasher) are in excellent working condition. With a successful history as a long-term rental, this property is a proven performer. Perfect for a buyer looking for a low-risk project with high-reward potential!
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Listing Courtesy of: REMAX Galaxy
