This is a portfolio sale of 3 Condo Units located in Parkfairfax. All units are 100% leased but properties are best suited for update and flip. Units consist of 3350 Valley Drive (930 sq ft), 3517 Martha Custis Drive (750 sq ft), and 3318 Coryell Lane (805 sq ft). Unit makeup: 1, two bedroom unit and 2 one-bedroom units. This is a value add opportunity for all units to be updated. All maintenance is up to date. Seller is motivated and will entertain reasonable offers. Alternative financing may be available.
Turn-key, managed portfolio of three historic townhome condominiums with outstanding tenants and management in Alexandria, Va., historic district. Investors seeking a small, manageable, opportunity, look no further! Pleased to offer this three-unit fully rented portfolio in the sought-after Parkfairfax district. A historic 1700s city with inner-suburb appeal, Alexandria is anchored on its northwest end by Parkfairfax. This 1940s-era development of all-brick townhome condominiums was built to house persons working at the then-new Pentagon about two miles north on the adjacent I-395 spur. Residents love the three pools, three tennis courts, car washes, and other amenities in the arboretum-style setting among lush trees. Trash pickup is every day. Details on each of the three units are as follows.
UNIT 1: 3350 Valley Drive
Two-story Madison unit with original parquet up and down, new Smith & Noble blinds throughout the first floor in 2021, washer/dryer in unit, rare front porch, bright western exposure with wall of windows in living-dining room, attic storage.
UNIT 2: 3517 Martha Custis Drive
Corner unit with western sunsets through kitchen and dining areas; original parquet, designer paint throughout entire unit, new refrigerator summer 2022, new AC unit in living room July 2023, improved/relocated electrical box, new Smith & Noble blinds February 2023, washer/dryer in unit (new summer 2022), end unit, courtyard entry, bright western exposure (kitchen and dining area) with northern wall of living room windows overlooking the meadow, pad-locking deeded storage area in building across street, 5’x5’x8’.
UNIT 3: 3318 Coryell Lane
Corner, top-level unit has views of forested pool out southwestern windows (kitchen and dining area), floors are original parquet, designer paint, new dishwasher July 2023, new oven 2022, new AC units 2022, improved/relocated electrical box, new blinds throughout the first floor in 2021, washer/dryer in unit, rare front porch, bright western exposure with wall of windows in living-dining room, attic storage.