Discover your ideal abode on this expansive lot nestled in one of the most coveted locales. Rarely do parcels of this magnitude surface. This property, a corner jewel, currently hosts a tenant who contributes $3,300 monthly, totaling $39,600 annually. Their lease extends until July 2025, ensuring stability. Your options abound: You can buy this as is with a tenant or construct a brand new single-family residence spanning three levels with a 2-car garage, or explore the potential for (4) 2-bedroom units, promising a lucrative $16,000 monthly income as a rental asset. Brand new homes can sell for $2,500,000–$2,900,000.Envision your masterpiece; the seller is open to financing for the right developer. Seize this chance – your dream awaits.
Property Type :
Residential
Subdivision :
College Park
County :
ALEXANDRIA CITY
Style :
Residential
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ByOwner last updated this listing 05/03/2024 @ 19:55
MLS: VAAX2033244
LISTED BY: Sebrin Adem , RE/MAX Allegiance
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 1%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
