$1,250,000
bedrooms
0
bathrooms
0
square feet
0
Acreage
0.0
Open Houses
-
year built
1910
Full Baths
0
Half Baths
0
Investment Opportunity: Condo Real Estate for Sale with Established Tenant in Fairfax City. Property Size: 1,200 sq ft. Current Tenant: ""Bellissimo"" Italian Cuisine Restaurant - A well-established, prestigious restaurant that has been a staple in Fairfax City for years. This charming restaurant seats 60 people and is renowned for its high-quality cuisine and loyal clientele. Rent: $5,200/month ($62,400/year). Location: Fairfax City, VA - Ranked among the top 10 safest cities in Virginia, with a population of 25,000 and a median income of $52,000. The area offers a strong and stable business environment. Local Highlights: Fairfax City is home to the historic Fairfax County Courthouse and George Mason University. The city continues to enhance its infrastructure for pedestrians and cyclists, creating a vibrant, community-friendly atmosphere. Notably, both George Washington and George Mason lived in Fairfax, adding historical charm to the area. Key Investment Features: 1031 Tax Deferred Exchange: This property is offered as part of a 1031 Tax Deferred Exchange. Seller Financing: Available for qualified buyers with good credit and a down payment of $800,000. Additional Investment Opportunities: Buildable land options within a 30-45 minute drive, or local residential income-producing properties can be considered as part of the down payment. Showings: By appointment only, with 24-hour notice required. The listing agent must accompany all showings. 1031 Tax Deferred Exchange. For additional info, contact your preferred Real Estate Agent.
Location | |
Subdivision | - |
County | FAIRFAX CITY |
Elementary School | DANIELS RUN |
Middle School | KATHERINE JOHNSON |
High School | FAIRFAX |
Open houses
None scheduled.
Find out more
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MLS number: VAFC2005516
Listing agent:
Rodrigo Cruz
Listing broker:
Long & Foster Real Estate
(888) 536-0216
Copyright © 2024 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Tuesday, December 10 2024 at 3:53 a.m. EST
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