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Condo Conversion Old Town Alexandria VA

$ 5,200,000
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ARV
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Price
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$5,200,000
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Subject Property and Comparables

# Address Beds/Baths Sq. ft. Last Sale Date Last Sale Price

Description

10 condos and 2 retail spaces

-Its currently an existing office building, so it needs to be gutted and renovated. Nice interiors job

Outsale is 14.3 Million

Asking Price is 5.2 Million

Construction is 4.7 Million (12 months all interior, no additional SF)

Net Profit is 2.5 Million

Investing Proforma

Currently has Approved SUP for 10 condos and 2 retail spaces.

Design is compete up to the DD set.

Plans Available Upon Request

So needs about 2-3 months to get permit.

 

Address: 312 South Washington Street, Alexandria, VA, USA
State/County:
Zip: 22314
Country: United States
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Property Id : 31374
Price: $ 5,200,000
walkscore94 / Walker's Paradise more details here

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