Sold

CLOSED

40 E Reed Ave

Alexandria VA, 22305

$425,000


$625.00 per sqft

Sold

CLOSED

2 Beds

1 Bath

680 sqft

Multi-family

Built in 1947

INVESTORS ALERT! Seize the opportunity to acquire a semi-detached 2-bedroom, 1-bathroom home walking distance to Del Ray, Potomac Yard Shopping Center, public transportation including the new Potomac Yard/VT metro station, close to Amazon HQ2, National Reagan airport, Pentagon/Pentagon City, and DC. The property is nestled on a flat landscaped and fenced lot. Updates in 2019 included new kitchen cabinets, new mosaic ceramic/glass backsplash, new stainless-steel appliances, and a renovated bathroom, which they are still in good condition. Unfortunately, hidden roof leaks and a sudden broken pipe in the front crawl space area damaged most of the hardwood flooring and some dry wall in the upper level. The property has presence of mold mainly in the basement area and some in the upper level as well. With such a convenient location and with no HOA fees, this gem in the works will shine again once you address needed repairs. It has potential to be transformed into a first-time primary home, a rental investment property, or a rehab project with resale value. Due to its condition, the property is sold AS IS and seller is currently requesting cash offers or rehab loans only and a quick settlement. There will be two open houses on Sat 7/13/2024 and Sun 7/14/2024 from 2-4 pm. Please bring your masks and flashlights to inspect the basement. Please watch your steps when walking inside the house as wood floors are uneven. Do not open storm door going from the back bedroom to the deck. It is stuck and it does not open. Deadline to submit offers is set for Tuesday, July 16th at 5 pm. Seller reserves the right to accept or reject any and/or all offers. Pictures will be uploaded soon.

VAAX2035670

MLS ID

July 11, 2024

Listed

October 2, 2024

Updated

Map

40 E Reed Ave
Alexandria VA, 22305

Interior Features

Total Stories

1


Bedrooms

2


Total Bathrooms

1


Full Bathrooms

1


Appliances

Disposal, Dryer, Refrigerator, Microwave, Electric Oven, Electric Range, Washer, Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.06 Acres


Architectual Style

Ranch/Rambler


Sewer

Public Sewer

School Information

School District

ALEXANDRIA CITY PUBLIC SCHOOLS


High School

T.C. WILLIAMS

Other Property Details

Taxes

$4,017


Tax Frequency

Annually


Days on Market

7


Garage

No


Parking

On Street


View

No


County

ALEXANDRIA CITY


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/13/2024

Sold

$425,000

7/17/2024

Pending

7/11/2024

Active

7/11/2024

Price change

$425,000

-15%

Listed by Fairfax Realty of Tysons
Listing Contact: 5712244852 

The IDX display contains information sourced from the Bright MLS, Inc. as of 10/2/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/2/2024 at 7:31 AM UTC

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