Exceptional Lyon Village 5BR/4.5BA home with detached Accessory Dwelling with 1BR/1BA, kitchen, living space, and W/D! The main home has been completely remade since 2017 and Accessory Dwelling built in 2015, and offers incredible opportunity as a ***PRIMARY RESIDENCE and/or INCOME GENERATING INVESTMENT PROPERTY***
The main home boasts 5 bedrooms and 4.5 bathrooms over four renovated levels. Highlights of the main home include triple-zone HVAC (2017/2020), newer roof (2020), newer windows/doors/siding (2017), upgraded insulation, 56ft wrap-around porch, huge private balcony off largest bedroom, driveway parking for 6+ vehicles, gorgeous bathrooms, fresh paint, and newly refinished real hardwood floors. The star of the show is the kitchen with high-end commercial grade GE Monogram appliances including a 42" refrigerator, 48" gas range with double oven, custom exhaust hood, and a separate wine/beverage refrigerator. The Accessory Dwelling (built in 2015) has 679 finished SqFt and offers guests, in-laws, caretakers, or long/short term renters a full kitchen, living space, bedroom, bathroom, laundry, and tons of storage. It was constructed with 2x6 framing, foam insulation (best quality insulation), and has its own heating and cooling system.
The home is located steps to Clarendon/Courthouse in one of the most desirable rental neighborhoods in the entire DC area. Detailed analysis on long-term and short-term (AirBnB) rental history and projections are available online in the Documents Section (available to your Realtor) and in print in the home. Long-term, single-tenant monthly rental projections are $7,300+/mon for the main dwelling and $2,700+/mon for the accessory dwelling. Room-by-room multi-tenant long-term leasing should generate well above that with rents for 1BRs in the area averaging $2,751/mon. AirDNA projections for AirBnB revenue are $203,900-$303,400+ annually. A savvy homeowner can use the main home or Accessory Dwelling as a primary residence to secure the best mortgage rates and a lower down payment, and rent out the other to cover a significant amount of the mortgage.
A 92 "Walker's Paradise" WalkScore puts you blocks from everything you need and want including Metro, Whole Foods, bars, restaurants, gyms, shopping, coffee, multiple parks for kids/dogs/courtsports, trails (Mt Vernon, WO&D, Custis), and businesses including Microsoft, Nestle HQ, Delloite, Grant Thornton, UVA, and more. Take a stroll into Georgetown via the Key Bridge or the National Mall via the Roosevelt Bridge. You're a short drive to DC/MD, National Airport, Amazon HQ2, The Pentagon, Tysons, and all major commuter routes.
Arlington is a county located in the Commonwealth of Virginia, on the west bank of the Potomac River directly across from Washington, D.C. Although sometimes referred to as a city, Arlington is actually a county which contains no incorporated towns or cities within its boundaries. Originally part of the 10-mile square area set aside in 1791 for the nation’s capital, the land now comprising Arlington County was returned to the Commonwealth of Virginia by the U.S. Congress in 1846 and was known at the time as Alexandria County. In 1852, the independent City of Alexandria was incorporated from a portion of the County, leading to confusion, as two adjacent municipal entities continued to share the same name ("Alexandria"). Although best known generally as the home of the Pentagon, The Iwo Jima War Memorial, and Arlington National Cemetery, the County is also an important employment center. The Federal Government accounts for the lion's share of the roughly 200,000 jobs in Arlington, but high-tech companies have become increasingly prominent, as have several major associations, Fortune 500 companies, and other nationally known employers. The County’s residential population is among the most highly educated in the nation and is increasingly diverse. Arlington is the home of Ronald Reagan Washington National Airport and is serviced by the Orange, Blue and Yellow lines of the Washington Metro. The County is traversed by two Interstate highways, I-66 and I-395; as well as by the George Washington Memorial Parkway.
The name Arlington is synonymous in many people's minds with Arlington National Cemetery, the most famous national cemetery in the United States. Veterans from all the nation's wars are buried in the cemetery, as are two former Presidents (John F. Kennedy and William Howard Taft). Also located in Arlington are the Pentagon, headquarters of the United States Department of Defense, and several notable memorials, including the U.S. Marine Corps War Memorial (also known as the "Iwo Jima Memorial"), the U.S. Air Force Memorial, and the Women in Military Service for America Memorial.
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