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Marjorie Dick Stuart

  • Cell 240-731-8079
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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
  • StatusPending

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 Market8
  • ZoningCDD#7
  • Short SaleYes

Listing Details

  • OfficeCentury 21 New Millennium
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Price Change History for 48 E Reed Ave, ALEXANDRIA, VA (MLS® #VAAX238202)

Date Details Price Change
Pending
Active Under Contract (from Active)

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 Long & Foster | Christie's 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 September 16th, 2019 at 7:15am CDT.