Unique investment opportunity in one of Northern Virginia’s most desirable rental markets! Or rare chance to convert this property back into a single family dwelling!
This historic 1900 multi-family apartment building is located in the heart of Old Town, with convenient access to major commuter routes and public transportation and features two charming residential apartments on three levels. The first-floor apartment is currently vacant with 1 bedroom 1 bath. The second-floor apartment features 2 bedrooms, 1 bath on two levels and is under lease until 9/30/26. With functional floor plans, hardwood floors throughout, spacious living/dining rooms, stainless steel appliances, washer/dryer in each unit as well as storage in the basement and a shared rear brick enclosed patio, these apartments are sought after by today’s long-term tenants.
The property is sold as-is! Seller discloses existing issues with sewer system. The property is priced according to include sewer repairs as well as possibly needed updates. Attached is more information along with a proposal from a reputable company to resolve the sewer issue.
Whether you’re expanding your investment portfolio or seeking to occupy a home with an added stable rental income, this Alexandria property presents a rare opportunity for long-term growth. For additional financials, rent roll information, contact the listing agent today.
