$454,000
$375,000
21.1%For more information regarding the value of a property, please contact us for a free consultation.
48 E REED AVE Alexandria, VA 22305
3 Beds
3 Baths
1,477 SqFt
Key Details
Sold Price $454,000
Property Type Single Family Home
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,477 sqft
Price per Sqft $307
Subdivision Beaumont
MLS Listing ID VAAX238202
Sold Date 09/20/19
Style Contemporary
Bedrooms 3
Full Baths 3
HOA Y/N N
Abv Grd Liv Area 797
Originating Board BRIGHT
Year Built 1947
Annual Tax Amount $5,161
Tax Year 2018
Lot Size 2,625 Sqft
Acres 0.06
Property Sub-Type Twin/Semi-Detached
Property Description
Incredible investor opportunity! Duplex just off Route 1/Richmond Hwy in Alexandria across from upscale Potomac Yard shopping center and close to Reagan National Airport (DCA)! Huge upside potential for cash investor to rehab this property for flip or rent! Literally just minutes from Pentagon, Old Town Alexandria, Arlington, and Washington DC. Amazing growth expected in this area with Amazon HQ and Virginia Tech campus coming in future. This is the chance that doesn't come around often. Duplex was in process of being renovated when owner declared bankruptcy, so work stopped. Bathrooms were nicely updated, but rest of property is unfinished. Layout is conceived as two separate living areas with complete 2 BR 2 BA top unit and 1 BR 1 BA bottom unit with own kitchen and side entrance, plus spiral staircase descending from top unit. CAUTION: basement has been flooded. This property will not qualify for typical financing, requires cash or hard money lender, but the opportunity for an experienced investor is enormous!
Location
State VA
County Alexandria City
Zoning CDD#7
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Primary Bathroom, Full Bath
Basement Connecting Stairway, Outside Entrance, Interior Access, Walkout Stairs, Side Entrance
Main Level Bedrooms 2
Interior
Heating Forced Air
Cooling Central A/C
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories 2
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Cora Kelly Magnet
Middle Schools George Washington
High Schools Alexandria City
School District Alexandria City Public Schools
Others
Senior Community No
Tax ID 016.01-02-02
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Short Sale
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Bought with Jia Avery • Signature Home Realty LLC
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