Property Description

INVESTMENT OPPORTUNITY IN OLD TOWN NORTH, ALEXANDRIA VA - Income-producing 2 bedroom 1 bath corner condo facing the Mount Vernon Trail at Towngate North. Leased through January 2028 following 1.5 years of uninterrupted tenant income. Buyer assumes the lease at settlement, so income starts at closing with no vacancy gap. Residence 306 is the only floor plan of its kind in the building, a west/northwest facing corner unit with Mount Vernon Trail and protected National Park land directly outside. 984 sq ft interior space, 6-ft windows on two exposures, opening to a 128 sq ft balcony. 3 assigned garage spots and 1 storage unit convey. Unit includes $23,000 in owner upgrades: Swedish Croft Oak 7-inch wide-plank hardwood, two-tone micro shaker cabinetry with quartz counters & full-height backsplash, KitchenAid stainless suite, walk-in closet system, Brilliant, Sonos, and Ecobee smart home controls. Directly on the George Washington Memorial Parkway for a straight run into Washington, DC, minutes from King Street and Old Town Alexandria, and on the Mt Vernon Trail right against the Alexandria waterfront. Reagan National Airport, National Landing, and Arlington are all a short drive. Amenities include concierge, roof deck with fire pits and grills, fitness center, pet spa, bike storage, clubroom, and direct trail access. An ideal turnkey investment property for 1031 exchange buyers seeking placed income with no lease-up period. Cash and conventional investor financing welcome. Contact listing agent for more information.

Property Features

Local Schools