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Back 48 E Reed Ave
Off Market

48 E Reed Ave

Alexandria VA 22305

3
3
1477 sq. ft.
2625 sq. ft.
Duplex
Last sold for $454,000
Stephen KarbelkStephen Karbelk, last sold this property on 20 September 2019 after -626 days on market.

Overview

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!

Features

3 bedrooms
3 bathrooms
1477 sq. ft. floor area
2625 sq. ft. lot size
Duplex

Estimated Value

We need at least 3 similar 3 bedroom duplexes sold in Alexandria over the last 12 months.

Property history for 48 E Reed Ave

2019
Sold
$454,000
20 Sep 2019 by Stephen Karbelk, of CENTURY 21 New Millennium
2019
Sold
Undisclosed
20 Sep 2019 by Derick Hammond

Happy sellers in Alexandria

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We have insufficient information to provide an overview of customer satisfaction for Alexandria. Viewing the agent profiles, reviews and sales for Alexandria can provide insights for this location.

Local market activity for 3 bedroom duplexes in Alexandria

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Alexandria

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Daryl Judy

Daryl Judy is a recommended agent for Alexandria.  They have 1 local sale and collected 3 local reviews across the last 12 months.

  •   5   (41 reviews)
  •  3 Reviews in Alexandria
  •  1 Sale in Alexandria
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Jillian Keck Hogan

Jillian Keck Hogan is an award winning recommended agent for Alexandria.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (31 reviews)
  •  1 Review in Alexandria
  •  2 Sales in Alexandria
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Pamela Nonemaker

Pamela Nonemaker is a recommended agent for Alexandria.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (10 reviews)
  •  1 Review in Alexandria
  •  1 Sale in Alexandria
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Tracy Vitali

Tracy Vitali is a recommended agent for Alexandria.  They have collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Alexandria
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