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$825,000

20% Min Down
Townhouse
2 Bath
960 Sqft
$859 / Sqft
Listed Oct 10th, 2019, Built in 1830
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Common Charges
$0
Property Taxes
$5,751
Mortgage
$3,057
Total Monthly Payment
$8,808
Est. Rental Income
$2,272
Cap Rate
-5.06%
Description
Builable lot in Old Town. Great property with lots of potential Located in the heart of Old Town, this property is currently divided into 2 units. They are currently rented for $1,300.00 and $1,350.00 per month. The leases are month to month. Options for the property: 1. Keep the property rented for now and hold for long term investment. 2. Build a new single family home. We have drawings completed to tear down the existing house and build a four level single family home. The plans will need to be updated for code changes. The VAR has previously approved the demolition of existing house and construction of new home but the approval has expired so the VAR will have to approve again. Divide the unit into condos. We already have the drawings completed for this. The legal work still needs to be completed. My attorney has started the process but has not completed it yet.

The manager has listed the unit size as 960 square feet.
Features & Amenities
Heat Pumps
Exterior: Masonry
Exterior: Wood Siding
Forced Air
Heat Pump
Listed By
Sean Vermillion
(703) 850-2016
Proplocate Realty
Price History
Date Event Price Source
2021-01-10 Relisted $825,000 Listing Records
2021-01-02 Status Change Off Market Listing Records
2020-03-10 Relisted $875,000 Listing Records
2019-12-08 Relisted $975,000 Listing Records
2019-11-04 Listed $1,050,000 Listing Records
2019-10-10 Listed $1,050,000 Listing Records
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Recent Transactions at 1126 PRINCE STREET
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Nearby Schools

(within attendance boundary)
LYLES-CROUCH ELEM  •  0.46 mi
530 S St Asaph St, Alexandria, VA 22314
Public  •  Elementary  •  Grades PK to 5
Alexandria City Public Schools
GEORGE WASHINGTON MIDDLE  •  0.82 mi
1005 Mount Vernon Avenue, Alexandria, VA 22301
Public  •  Middle School  •  Grades 6 to 8
Alexandria City Public Schools
TC WILLIAMS HIGH  •  2.23 mi
3330 King St, Alexandria, VA 22302
Public  •  High School  •  Grades 9 to 12
Alexandria City Public Schools
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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Comparable Apartments for Rent
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