Courtesy of Sebrina Adem, RE/MAX Allegiance sebrinadem@gmail.com
Property Description
Discover your ideal haven on this expansive corner lot, situated in one of the most sought-after locales. Opportunities like this are rare! Currently, the property features a reliable tenant generating $3,300 monthly, amounting to $39,600 annually, with a lease in place until July 2025, ensuring stability and income. Your possibilities are endless: purchase the property as-is with the existing tenant, or envision building a stunning new three-level single-family home with a 2-car garage. Alternatively, consider the potential for four 2-bedroom rental units, which could yield an impressive $16,000 in monthly income. Newly constructed homes in this area can sell for between $2,500,000 and $3,200,000. The seller is open to financing options for the right developer, making this an exceptional investment opportunity. If you’re considering a different vision, a 60- to 90-day notice for the tenant is negotiable. Don’t miss out on this chance to create your dream property – seize the moment!
Open House
Property Details and Features
-
Property Access
- Black Top
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Basement
- Daylight
- Partial
- Outside Entrance
- Unfinished
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Bathrooms
- 2 total bathrooms
- 1 bathroom on all upper levels
- 2 full bathrooms
- 1 full bathroom on main level
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Bedrooms
- 2 bedrooms on upper levels
- 3 bedrooms
- 1 bedroom on main level
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Building
- 1,655 sqft living area
- 1,380 sqft above grade (finished)
- 275 sqft below grade (finished)
- Built in 1938
- Structure Type: Detached
- Wall & Ceiling Types: Plaster Walls
- 3 floors in unit
- 2 levels
- Colonial
- Masonry
-
Cooling
- Central Air
- Electric
- Central A/C
-
Doors
- Six Panel
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Exterior Features
- Sidewalks
-
Fence
- Partially
-
Fireplaces
- 1 fireplace
- Mantel(s)
-
Foundation
- Brick/Mortar
- Crawl Space
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Garage
- 1 garage space
-
Heating
- Natural Gas
- Forced Air
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Interior Features
- Dining Area
- Entry Level Bedroom
- Floor Plan – Traditional
- Window Treatments
- Wood Floors
-
Laundry
- Basement
-
Listing
- 204 days on market
- $942 per sqft
- Property SubType: Single Family Residential
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Location
- County: Alexandria City
- Location Type: Suburban
- Subdivision: College Park
-
Lot
- 14,325 sqft
- 0.33 acres
- Trees/Wooded
- Partly Wooded
-
Property
- Other Structures: Above Grade,Below Grade
-
Roof
- Rubber
- Slate
-
Schools
- School District: ALEXANDRIA CITY PUBLIC SCHOOLS
- High School: ALEXANDRIA CITY
-
Sewer
- Public Sewer
-
Taxes
- Tax Annual Amount: $809,427
- Tax Year: 2023
-
Utilities
- Hot Water: Natural Gas
-
Windows
- Wood Frame
Property Map
Street View
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This content last updated on November 9, 2024 12:02PM.