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Multifamily

129-133 S Courthouse Road

129 S Courthouse Rd, Arlington, VA 22204

Listing Price: Request For Offer

Number of Units
10
Gross SF
7,425

Investment Overview

OFFERING OVERVIEW Marcus & Millichap, as the exclusive listing agent, is pleased to present the rare opportunity to acquire an Arlington, Virginia multifamily asset: 129-133 S Courthouse Road, Arlington, VA 22204. The 10-unit apartment building is located in between the bustling neighborhoods of Clarendon and Columbia Pike, and is just steps away from the Joint Base Myer-Henderson Hall. As a result, 129-133 S Courthouse Road offers its residents a truly dynamic place to live as it is conveniently located near several major employers, a multitude of bars, restaurants, and retail, Washington, DC, and several major thoroughfares. Very few apartment buildings trade in this submarket making this an extremely rare opportunity for an investor to capitalize on the existing yield the property offers, as well as the future appreciation it will garner from being positioned in the #2 ranked place to live in the Nation. THE ASSET 129-133 S Courthouse Road consists of 10 one-bedroom, one-bathroom apartment units. Of the 10 units, half of them are renovated. These renovations include updated kitchens and baths with top-of-the-line appliances, new floors, and updated heating & cooling units. The other half of the units are either partially renovated or in original condition, presenting a value-add opportunity for an investor to increase cash flow over $20k per year. In addition to unit renovations, current ownership has injected a significant amount of capital into upgrading the building. Some of these upgrades include a new roof, windows, hot water heaters, gutters, siding, and much more. There are no capital expenditures a new owner will have to incur upon acquisition. Furthermore, the property is separately metered for electric and gas, limiting uncontrollable utility expenses for ownership. Because of all of this, the property runs very efficiently, yet also provides future value-add upside for an investor. THE LOCATION In 2021, Arlington County was ranked the #2 best city to live in by Niche.com. The ranking takes into account several key factors of a location, including the quality of local schools, crime rates, housing trends, employment statistics, and access to amenities in an attempt to measure the overall quality of an area. Arlington has some of the best public schools in the nation, a plethora of bars, restaurants, and retail to choose from, and is home to several Fortune 500 companies including Amazon, Accenture, Deloitte, Lockheed Martin, and more. Because of all the things Arlington has to offer, residents tend to pay a premium to live here. Over the past decade we have seen a steady trajectory of increasing rents and appreciation that will no doubt continue into the future.

Investment Highlights

  • Rare Investment Opportunity
  • #2 Best Cities To Live In America
  • Separately Metered Utilities
  • Major Capital Investment By Current Ownership
  • Track Record Of Steady Rent Growth And Appreciation

Exclusively Listed By

  • Nick Murray

    Senior Associate

    (202) 536-3784

    Email Nick

    License(s): DC: SP98379654, VA: 0225240410

    Washington, D.C.

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • Eric Jentoft-Herr

    Associate

    (202) 536-3779

    Email Eric

    License(s): MD: 681604, DC: SP200203903

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Multifamily

129-133 S Courthouse Road

Listing Price: Request For Offer

Number of Units
10
Gross SF
7,425

Investment Highlights

  • Rare Investment Opportunity
  • #2 Best Cities To Live In America
  • Separately Metered Utilities
  • Major Capital Investment By Current Ownership
  • Track Record Of Steady Rent Growth And Appreciation

Investment Overview

OFFERING OVERVIEW Marcus & Millichap, as the exclusive listing agent, is pleased to present the rare opportunity to acquire an Arlington, Virginia multifamily asset: 129-133 S Courthouse Road, Arlington, VA 22204. The 10-unit apartment building is located in between the bustling neighborhoods of Clarendon and Columbia Pike, and is just steps away from the Joint Base Myer-Henderson Hall. As a result, 129-133 S Courthouse Road offers its residents a truly dynamic place to live as it is conveniently located near several major employers, a multitude of bars, restaurants, and retail, Washington, DC, and several major thoroughfares. Very few apartment buildings trade in this submarket making this an extremely rare opportunity for an investor to capitalize on the existing yield the property offers, as well as the future appreciation it will garner from being positioned in the #2 ranked place to live in the Nation. THE ASSET 129-133 S Courthouse Road consists of 10 one-bedroom, one-bathroom apartment units. Of the 10 units, half of them are renovated. These renovations include updated kitchens and baths with top-of-the-line appliances, new floors, and updated heating & cooling units. The other half of the units are either partially renovated or in original condition, presenting a value-add opportunity for an investor to increase cash flow over $20k per year. In addition to unit renovations, current ownership has injected a significant amount of capital into upgrading the building. Some of these upgrades include a new roof, windows, hot water heaters, gutters, siding, and much more. There are no capital expenditures a new owner will have to incur upon acquisition. Furthermore, the property is separately metered for electric and gas, limiting uncontrollable utility expenses for ownership. Because of all of this, the property runs very efficiently, yet also provides future value-add upside for an investor. THE LOCATION In 2021, Arlington County was ranked the #2 best city to live in by Niche.com. The ranking takes into account several key factors of a location, including the quality of local schools, crime rates, housing trends, employment statistics, and access to amenities in an attempt to measure the overall quality of an area. Arlington has some of the best public schools in the nation, a plethora of bars, restaurants, and retail to choose from, and is home to several Fortune 500 companies including Amazon, Accenture, Deloitte, Lockheed Martin, and more. Because of all the things Arlington has to offer, residents tend to pay a premium to live here. Over the past decade we have seen a steady trajectory of increasing rents and appreciation that will no doubt continue into the future.

Exclusively Listed By

  • Nick Murray

    Senior Associate

    (202) 536-3784

    Email Nick

    License(s): DC: SP98379654, VA: 0225240410

    Washington, D.C.

  • Marty Zupancic

    Senior Vice President Investments

    (202) 536-3788

    Email Marty

    License(s): MD: 631902, VA: 0225 187032, DC: SP98368225

    Washington, D.C.

  • Eric Jentoft-Herr

    Associate

    (202) 536-3779

    Email Eric

    License(s): MD: 681604, DC: SP200203903

    Washington, D.C.

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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