48 E Reed Ave

ALEXANDRIA, VA 22305
  • $454,000
  • STATUS: Closed
  • ON SITE: 1710 days
  • ID#: VAAX238202
Find Homes Fast With Our Advanced Search

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!

 

Map


48 E Reed Ave, Alexandria, VA 22305

$454,000
  • 3
    Beds
  • 0.06
    Acres
  • 3
    Baths
  • 0
    1/2 Baths
  • 797
    SQFT
  • 570
    $/SQFT
Neighborhood:
Type:
Duplex
Built:
1947
County:

School Information

High School:
Middle School:
Elementary School:

Nesbitt Realty provides award-winning property management services.

Learn more about how we can help you achieve your real estate goals.

Exterior Features

Architectural Style Contemporary
Construction Materials Brick Front, Aluminum Siding
Other Structures Above Grade, Below Grade
Parking Types On Street
Pool No Pool
Property Type Duplex

Interior Features

Above Grade Area Finished 797 sqft
Basement Connecting Stairway, Outside Entrance, Interior Access, Walkout Stairs, Side Entrance
BasementYN Yes
Basement Area Finished 680 sqft
Cooling Central A/C
Heating Forced Air
Levels 2
Lower Level 1 Bedrooms 1
Lower Level 1 Full Baths 1
Main Level Bedrooms 2
Main Level Full Baths 2
Room List Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Primary Bathroom, Full Bath
Story List Lower 1, Main

Property Features

Accessibility Features None
Assessment Year 2019
Central Air Yes
Cooling Fuel Electric
Heating Fuel Natural Gas
Ownership Interest Fee Simple
Sale Type Short Sale
Water Source Public
Zoning CDD#7

Home Finder's Shortcuts

A collection of tools and searches to quickly find property

Are you thinking about buying?

We're local experts who can help. Contact us about this or any property in Northern Virginia.

Real Estate News & Updates

©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Nesbitt Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-28 07:25:02.

Listing courtesy of CENTURY 21 New Millennium

>