6437 ALLOWAY CT
About This Property
Nestled in the heart of Springfield, this 4-level split-level home at 6437 Alloway Ct offers a rare blend of untapped potential and a prime location in the highly sought-after West Springfield High School Pyramid. First hitting the market since its last purchase in 1978, this residence is not just a house; it's a canvas awaiting your creative touch.
Property Overview:
Type: 4-Level Split Level Home
Location: 6437 Alloway Ct, Springfield, VA 22152
Bedrooms: 4
Bathrooms: 2.5
As you step inside, you're greeted by a layout that speaks volumes of its era yet whispers exciting possibilities for modernization. The home features four cozy bedrooms, each offering a private retreat for relaxation and rest. The 2.5 bathrooms serve as functional spaces that can be transformed into modern sanctuaries of comfort and style.
The highlight of this home is undoubtedly the upper level, where solid hardwood floors have been immaculately preserved under carpet since the '70s. Imagine unveiling these hidden treasures and restoring them to their former glory, or reimagining the space with a contemporary twist.
A Dream for the Visionary:
This home (priced BELOW TAX ASSESSED VALUE) is a perfect match for those with imagination, the savvy investor, or anyone willing to invest some sweat equity to create their dream abode. Whether you're looking to revamp it into a modern haven or restore its original charm, the potential is limitless.
Renderings of Possibilities:
To help you envision the immense potential, we've included artistic renderings in the listing. These visuals are not just illustrations but visuals of what this home could become. Imagine open-plan living spaces, sleek modern kitchens, or even luxurious bathrooms - the possibilities are endless.
Location Perks:
Situated in a serene and friendly neighborhood, 6437 Alloway Ct offers the perfect balance between suburban tranquility and convenient access to urban amenities. Backing to the Hidden Pond Nature center (a top 5 best things in Springfield, per local newspaper), with a short 1 min walk via direct path from the court. The home's proximity in the West Springfield High School Pyramid makes it an ideal choice for families.
Investment Potential:
Beyond a personal residence, this property poses a fantastic opportunity for investors. With its desirable location and untapped potential, it's a blank slate ready to be transformed into an investment.
Your Next Chapter Awaits:
6437 Alloway Ct is more than just a property; it's a chance to start a new chapter. Whether you're a family looking to create your dream home, a visionary ready to embark on a renovation journey, or an investor seeking a project, this home is waiting for you.
Don't miss this opportunity to own a piece of Springfield's heritage and mold it into your modern masterpiece.
AS-IS SALE
Very Restricted Showings: only on 01/27-01/28 11am - 5pm
*SELLER WILL NEED 60 DAY RENTBACK.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About West Springfield
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Phone: 425-283-2930
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