1424 Kingston Ave, ALEXANDRIA
MLS® # VAAX2038790
Discover your ideal haven on this expansive corner lot, situated in one of the most sought-after locales. Opportunities like this are rare! Currently, the property features a reliable tenant generating $3,300 monthly, amounting to $39,600 annually, with a lease in place until July 2025, ensuring stability and income.
Your possibilities are endless: purchase the property as-is with the existing tenant, or envision building a stunning new three-level single-family home with a 2-car garage. Alternatively, consider the potential for four 2-bedroom rental units, which could yield an impressive $16,000 in monthly income. Newly constructed homes in this area can sell for between $2,500,000 and $3,200,000.
The seller is open to financing options for the right developer, making this an exceptional investment opportunity. If you’re considering a different vision, a 60- to 90-day notice for the tenant is negotiable. Don’t miss out on this chance to create your dream property—seize the moment!
Entry Lvl BR, Shades/Blinds, Wood Floors
Daylight, Partial, Outside Entrance, Unfinished
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Listing information last updated on December 14th, 2024 at 9:03am EST.