NOT in MLS: 2br 1ba Condo in Alexandria, VA WALKING DISTANCE TO METRO and IN GOOD CONDITION for only $144,900! That's $70K+ Below Renovated Comps!!
2616 Redcoat Dr #1B Alexandria VA 22303
| The Numbers | |
| Sale Price: | $144,900 |
| Needed Upgrades: | $30,000 |
| After Repair Value: | $215,000 |
| Spread: | $70,000 |
| Description of Home | |
| Type: | Condo High Rise 5+ Floors |
| Bedrooms: | 2 |
| Bathrooms: | 1 |
| Levels: | 1 |
| Parking: | 1 Assigned Spaces |
| Square Feet Total: | 950 |
| Lot Size(Acres): | No Yard |
| Sale Comps | |
| 2650 Redcoat Dr #3D - Sold - $219,000 | |
| 5705 Indian Ct #19 - Sold - $215,000 | |
| 2648 Redcoat Dr #97 - Sold - $210,000 | |
| Rent Comps | |
| 2630 Wagon Dr #293 - Rented - $2,300 | |
| 2632 Wagon Dr #286 - Rented - $1,900 | |
| 2632 Wagon Dr #286 - Rented - $1,900 |
Additional Information
COMMUTER'S DREAM!! This 2br, 1ba condo is WALKING DISTANCE T HUNTINGTON METRO in Alexandria, VA. Its also less than a mile from 95. The condo just needs to be updated! Condo fee of $750/month includes all utilities except internet and HVAC system! HUGE OPPORTUNITY for 'owner occupant' type of buyer for BIG SWEAT EQUITY as the condo is in good condition and is in good enough condition to qualify for conventional financing! Good investment for buy/hold investor as condos in the area are renting for ~$2,000/month, the condo is in good enough condition to rent out right now, and condos have low lifetime costs (no roof or basement). Also, EASY REHAB perfect for new or experienced rehabber! Similar condos are selling for $215K+ fixed, but you can purchase this one for only $159,900. That's a $55K+ spread!! Hurry, or you'll be upset at yourself for missing this one!
Disclosures
All information, including figures, are provided in good faith, but are not guaranteed to be accurate. Buyers should conduct their own due diligence. We are not agents and this is not a pocket listing. We are under contract with the title holder and considered principals in the transaction. Anyone attempting to contact the title holder will be viewed as intentional interference with a contract and legal action may be brought against you. Additionally, you will be permanently removed from our mailing list and the mailing list of other major wholesalers in the area.