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!
The median home value in Alexandria, VA is $590,300. This is higher than the county median home value of $584,200. The national median home value is $338,100. The average price of homes sold in Alexandria, VA is $590,300. Approximately 39.8% of Alexandria homes are owned, compared to 52.93% rented, while 7.27% are vacant. Alexandria real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Alexandria real estate agent to arrange a tour today!
Alexandria, Virginia 22302 has a population of 158,185. Alexandria 22302 is more family-centric than the surrounding county with 33.92% of the households containing married families with children. The county average for households married with children is 31.46%.
The median household income in Alexandria, Virginia 22302 is $105,450. The median household income for the surrounding county is $105,450 compared to the national median of $69,021. The median age of people living in Alexandria 22302 is 37.1 years.
The average high temperature in July is 88.4 degrees, with an average low temperature in January of 27 degrees. The average rainfall is approximately 43 inches per year, with 14.1 inches of snow per year.