Falls Church, VA Property for Sale Flip or Scrape and Rebuild

[Russ McKelvey]

Please view the opportunity below and let me know if you have an interest. If not, please provide me your criteria so I can get a better idea of what you are looking for.

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Another opportunity just became available in Falls Church, VA with lots of profit built-in! This is an great opportunity with addition or scrape and build new potential. A small addition and it could sell for $900,000+, or do a full scrape and build new and it could go for approximately $1.25 million.

This opportunity is located at 2634 West St Falls Church, VA 22046 and is priced at $554,000.

Addition/Rehab Comps:

410 W Rosemary Ln $1,050,0002,400 sq ftBuilt 1942

204 W Marshall St$1,100,0002,500 sq ftBuilt 1950

604 Laura Dr$902,000 1,980 sq ftBuilt 1950

Scrape/Rebuild New Comps:

7237 Woodley Pl$1,239,0004,300 sq ft0.13 miles

A few more details for this property:

3 bedroom/2 Bath

822 Sq Ft

Built in 1955

Lot Size: 13,223 Sq Ft or 0.3 acres

Colonial Style

Forest Heights Subdivision

Fireplace

Estimated cost for a rehab and small addition would be approximately $160-175,000. This would bring the ARV to $900-$1 mill+ depending on size of the addition. Or, do a complete rebuild of 3,500-4,000 SF and reach an ARV of approximately $1,250,000. This area is being built up quickly and there are plenty of these new million+ dollar homes within a half mile.

Pictures and Videos can be viewed at these links.

Pictures: https://drive.google.com/drive/folders/1-1xu3ZFl1f0RD750nr2PFIJmBBctu1Ex?usp=sharing

Videos: https://drive.google.com/drive/folders/1-2IQa4vzPJfbptAJOga239nAC6HcjwFp?usp=sharing

Deposit to secure contract will be $3,000.

Please reach out with any questions or for further information. This property will go quickly. As always, contact me via phone or text at 719-434-0206.