UNDER CONTRACT SUBJECT TO BANKRUPTCY COURT APPROVAL - $375,000 - Incredible investor opportunity! Duplex just off Route 1/Richmond Hwy in Alexandria across from upscale Potomac Yard shopping center and close to Reagan National Airport (DCA)! Huge upside potential for a cash investor to rehab this property for flip or rent! Literally just minutes from Pentagon, Old Town Alexandria, Arlington, and Washington DC. Amazing growth expected in this area with Amazon HQ and Virginia Tech campus coming in the future. This is the chance that doesn’t come around often. The duplex was in the process of being renovated when the owner declared bankruptcy, so work stopped. Bathrooms were nicely updated, but the rest of the property is unfinished. The layout is conceived as two separate living areas with complete 2 BR 2 BA top unit and 1 BR 1 BA bottom unit with own kitchen and side entrance, plus spiral staircase descending from top unit.
Ground floor (top unit) is easy to show, but CAUTION: the basement is flooded with standing water and mold is present. Enter the basement only at your own risk and only if wearing waterproof boots. Neither seller nor listing agents assume any responsibility for the condition of the home, damage to clothing, or injury to visitors. It is possible to see into the basement unit from the spiral staircase or from the side exterior entrance. This property will not qualify for typical financing, requires cash or hard money lender, but the opportunity for an experienced investor is enormous!
Sale subject to third party approval. This property is being sold in as-is condition. This sale is subject to the approval of the US Bankruptcy Court. This property is being sold by H. Jason Gold, Trustee.