OCCOQUAN RIDGE CONDO

12701 LOTTE DRIVE 301

WOODBRIDGE, VA 22192

🔥PRICE LEADER IN WOODBRIDGE –About $20k BELOW THE NEAREST COMP! 🔥 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 dated—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 location—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!

Listing courtesy of RE/MAX Galaxy



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