48 E Reed Ave

$375,000, 3 Beds 3 Baths 1,477 Sqft .06 Acres

About This Property

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!

Essential Information

MLS® #VAAX238202
Price$375,000
Bedrooms3
Bathrooms3.00
Full Baths3
Square Footage1,477
Acres0.06
Year Built1947
TypeResidential
Sub-TypeSemi-Detached
StyleContemporary
StatusActive Under Contract

Community Information

Address48 E Reed Ave
SubdivisionBEAUMONT
CityALEXANDRIA
CountyALEXANDRIA CITY-VA
StateVA
Zip Code22305

Interior

HeatingForced Air
CoolingCentral A/C
Has BasementYes
# of Stories2
Stories2 Story

Basement

Connecting Stairway, Outside Entrance, Interior Access, Walkout Stairs, Side Entrance

Exterior

ExteriorBrick Front, Alum/Steel Siding

School Information

DistrictALEXANDRIA CITY PUBLIC SCHOOLS
ElementaryCORA KELLY MAGNET
MiddleGEORGE WASHINGTON
HighT.C. WILLIAMS

Additional Information

Date ListedJuly 23rd, 2019
Days on Market35
ZoningCDD#7
Short SaleYes

Listing Details

OfficeCentury 21 New Millennium

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on August 26th, 2019 at 1:03am CDT.

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