Off Market SFH Flip/Rent/Build New in Arlington VA

[Theresa Coutu]

Build new, build equity or build resale value. 1610 total sf, 3-lvl, 3b/2ba, zoned R2-7. Includes 3b/3ba 3-lvl reno permit-ready plans & 4-lvl pop-up option floor plans. Needs new Kitchen & Baths and other repairs. Original untouched hardwoods on main & 2nd fl under carpet. Options include rental reno, open-plan flip major reno, value add pop-up, new build. Quick commute to DC, Pentagon, Mark Center. Near Shirlington & Columbia Pike restaurants, shops, theaters, bike trails. Huge appreciation potential for "buy and hold" in this rapidly gentrifying hill top neighborhood. North Arlington is astronomically expensive so South Arlington has rehabs and tear-down builds on almost every street.

Asking $440K.

-ARV for 3-lvl reno is $640K based on comps including:

1) 1911 S Lorton St - Sold 8/31/17 $645K, 3b/2.5ba, 1650 total sf

2) 3005 18th St S - Sold 10/13/17 $643K, 3b/2.5ba, approx. 1700 total sf

3) 1934 S Lowell St - Sold 3/31/17 $730K, 4b/3ba, 1120 total sf

4) 2046 Shirlington Rd - Sold 7/17/17 $625K, 3/2, 1602 total sf

-ARV for 4-lvl pop-up with roof deck is $840K based on 4/17 Appraisal.

See current house pics & potential floor plans for 3-lvl reno possibility at www.mtinvestors.com/langley.html

Open House Tuesday October 24, 11:30-1:00. Second showing Saturday October 28, 11:30-12:30 only if full price offer with Proof of Funds and minimum $10K EMD not received before Saturday. Final offers due by Sunday October 29 to [email protected].

Due your own due diligence. Realtor-owned. Rare opportunity in Arlington.