MLS# VAAX2033244 – 1000 Janneys Lane, Alexandria, VA 22302

$1,300,000 - 3Br/2Ba - for Sale in College Park, Alexandria

Price: $1,300,000

Beds: 3

Baths: 2

Living Area SqFt: 1,655

Status: Active

Property Type: Single Family Residential

Lot Size Acres: 0.33

Lot Size SqFt: 14,374

Year Built: 1938

Neighborhood: College Park

Days on Website: 216

Courtesy of Sebrina Adem, RE/MAX Allegiance sebrinadem@gmail.com

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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!