INVESTORS DELIGHT.....Extremely rare opportunity to purchase a detached home in Old Town very close to everything that Old Town has to offer. The property has three separate units with off street parking, a plus in Old Town. The first-floor unit consists of a one bedroom and a den with a dedicated parking space in the rear. The second-floor unit is a studio residence. The upper-level residence is a duplex with two bedrooms on the upper floor and comes with a dedicated parking space. Each unit has a fully equipped kitchen, HVAC systems carpeting and hardwood floors. The first level currently leases for $2,150 per month. The studio leases for $1,150 and is currently on a month-to-month basis. The two-bedroom upper unit leases for $2,150 and is also on a month-to-month basis. The current owner pays all utilities for each of the units. The owner would like to take part in a tax deferred 1031 Exchange and defer capital gains on the sale. The new owner can live in one of the units and lease the others with sufficient income to help offset the mortgage and other expenses. The property can easily be converted to a single-family residence with endless possibilities. Enjoy all the wonderful shops, galleries, and restaurants of both Old Town and Del Ray. Nearby are several wonderful parks, recreational facilities, and sights to see. Old Town is anchored in the west by the majestic George Washington National Masonic Memorial and in the east by the Potomac River waterfront, where you'll find restaurants with waterfront views, the nationally renowned Torpedo Factory Art Center as well as numerous boat tours and water taxis. The property is two blocks from King Street which is a walkable mile of centuries-old architecture and the heart of Old Town’s restaurants and boutiques. You’ll also find a wealth of historic architecture and attractions, Market Square Museums and more hidden-in-plain-sight historic treasures. Step inside local shops offering curated selections of stationery, vintage barware, sustainable fashion and more. Whether you’re museum-goers, art enthusiasts, or shoppers, you'll always find things to do in Old Town. Night or day, top chefs draw diners with creative menus and exquisite experiences, plus plenty of al fresco options. With the city's crowd-pleasing offerings, meeting planners find that Alexandria’s historic backdrop, walkability and unique facilities and venues make the city a perfect destination. Everything is here for you to enjoy Old Town Alexandria.
Listing courtesy of Coldwell Banker Realty.