Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
Listing photo for 48 E Reed Ave, ALEXANDRIA, VA
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48 E Reed Ave,

ALEXANDRIA, VA

$375,000

3 Beds
3 Baths
1,477 Sqft
0.06 Acres

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!

Facts & Features
MLS® # VAAX238202
Price $375,000
Bedrooms 3
Bathrooms 3.00
Full Baths 3
Square Footage 1,477
Acres 0.06
Year Built 1947
Type Residential
Sub-Type Semi-Detached
Style Contemporary
Status Active Under Contract
Community Information
Address 48 E Reed Ave
Subdivision BEAUMONT
City ALEXANDRIA
County ALEXANDRIA CITY-VA
State VA
Zip Code 22305
Amenities
Is Waterfront No
Interior
Heating Forced Air
Cooling Central A/C
Has Basement Yes
Basement Connecting Stairway, Outside Entrance, Interior Access, Walkout Stairs, Side Entrance
Fireplace No
# of Stories 2
Stories 2 Story
Exterior
Exterior Brick Front, Alum/Steel Siding
School Information
District ALEXANDRIA CITY PUBLIC SCHOOLS
Elementary CORA KELLY MAGNET
Middle GEORGE WASHINGTON
High T.C. WILLIAMS
Additional Information
Date Listed July 23rd, 2019
Days on Market 28
Zoning CDD#7
Foreclosure No
Short Sale Yes
RE / Bank Owned No
Listing Details
Office Century 21 New Millennium

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Listing information last updated on August 19th, 2019 at 6:45am CDT.