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Joy Daniels

Broker/Owner

  • Office 7176953177
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48 E Reed Ave, ALEXANDRIA, VA – $375,000

  • 3 Beds
  • 3 Baths
  • 1,477 Sqft
  • .06 Acres
  • 3 Beds
  • 3 Baths
  • 1,477 Sqft
  • .06 Acres

48 E Reed Ave

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 Market30
  • ZoningCDD#7
  • Short SaleYes

Listing Details

  • Listing AgentStephen Karbelk
  • Listing OfficeCentury 21 New Millennium
  • Listing Office Phone7038582770
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