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$2,287,500
6 Beds ⋅ 6 Baths ⋅ VAAX2032430 MLS
Beautiful ALL New Home with A Beautiful New Price! Plus, 5.49% FINANCING! See the a difference A BELOW MARKET RATE can make! At the crossroads of Traditional Design & Contemporary Styling you will discover a blend of today's taste and yesterday's charm. Featuring over 4,700 finished square feet of luxury living. Located just steps from Mt Vernon Ave with its unique shops and restaurants. This semi-detached Beauty with its Modern Twist offers many of the most requested NEW HOME "must haves". Tall ceilings, hardwood floors, exposed beams, gas fireplace, separate dining room plus a first floor office/library and a newly Installed Irrigation System! Low utility and maintenance cost and ULTRA QUIET are yours to enjoy in an ALL NEW Home. At the end of a long day your biggest challenge may be deciding where to unwind & relax. Perhaps in front of one of two fireplaces? If outdoors is more of your style, try one of the three decks/porches! Or perhaps the owners bath where a generous soaking tub awaits. Upstairs you will discover four bedrooms all with vaulted ceilings and three baths. There's a laundry room with utility sink and linen closet for your convenience . The owners suite is light filled with an oversized closet plus custom built-Ins . The owners bath is spacious offering a double vanity, frameless shower, soaking tub and separate water closet. Ask about our FIRST FLOOR OWNERS BEDROOM option. The lower level features a wet bar, electric fireplace, an additional bedroom, plus a full bath. Also, you will find a bonus room perfect for exercise, yoga, crafts or perhaps your dream wine cellar. Lots of storage room too. Security system and Video Doorbell Included . This home offers the ultimate BOGO! In additional to the gorgeous main house you have a detached garage with an ADU Cottage above . Its like two homes for the price of one! The ADU comes with a well appointed full kitchen, full bath, washer and dryer, arched ceilings, closet plus additional storage round out this gem. Perfect as a guest suite, in laws, nanny apartment or an "Estimated" $16,800 in Additional Rental Income! Where else can you find this much additional value? Del Rays best ALL NEW home with a Garage and a ADU! Home conveys with Americas most trusted 2-10 Warranty. Minutes from Amazon Headquarters and The New Virginia Tech Campus. Seller will contribute $350.00 when utilizing Mark Allen Esq. for closing and $2,500.00 when financing with Greg Everett at South State Bank. Be certain to add this unique offering to your must see list!

2315 Commonwealth Ave, Alexandria
$3,950,000
VAAX2030462 MLS
Looking for an awesome location in the eclectic Del Ray neighborhood with a huge wow factor, and income from solid tenants to partially offset your mortgage? This 3-story brick building with art-deco elements is your answer. Referred to as “perhaps the most distinctive building” on Mt. Vernon Ave., AKA the “Main Street” of Del Ray, now you can put your own personal design stamp on a luxury residential conversion of the third floor of this 13,000 SF mixed-use building. Currently built out as high-end creative office space, it’s been intentionally left vacant for a new owner to carry out his/her own vision. Seller is offering it as is only. Conversion to residential on 3rd floor is at option/cost of Purchaser. Zoning is CL (Commercial Low), which allows residential over the existing commercial, up to four 1-BR units or a single unit as proposed. Renderings for a 3-BR, 2-BA, approx. 3,500 SF floor are included in the offering as an example of what the space could look like if converted. An interior staircase on the third floor leads to the wow factor--a small penthouse space and a rooftop deck, where you’ll see outstanding views of both Del Ray and the greater Alexandria area. Rooftop decks are fast becoming a major value-added feature in urban development, and here’s an opportunity to maximize this space too. Included in the offering, and must be sold with, are 115 E. Howell Ave. (2,875 SF; Tax ID 14958500) and 117 E. Howell Ave. (2,875 SF; Tax ID 14959000), both zoned RB residential. 1908 Mt. Vernon Ave. (Tax ID 14960010), is the “parent” parcel of these lots and its assessment includes their value. The residential lots are used for parking by the commercial tenants under a special-use permit that will need to be renewed by the new owner. A big plus to a new owner are the 22 parking spaces on these lots, incredible to find anywhere in Alexandria. The second floor office space was upgraded with last year with new carpet and paint at a cost of $30,000, and the existing third floor office space underwent a $230K renovation in 2008, including skylights. Ground floor tenant USPS and second floor iData just renewed leases for a 5-year extension effective January 2024, providing $225,000 in gross income, before expenses. Property is also listed under Commercial. See MLS# VAAX2029718.

1908 Mt Vernon Ave, Alexandria
$3,950,000
VAAX2029718 MLS
* 5-Year Lease Extensions by tenants USPS and iData * Office floors upgraded to Class-A style * Upside with 3rd floor vacancy * An incredible—and rare—22 parking spaces * Residential conversion opportunity This unique property in the heart of Alexandria’s vibrant and popular Del Ray neighborhood offers an opportunity for both users and investors, particularly with its multiple value-add opportunities. For users, operate your business on the now-vacant third floor while you benefit from $225,000+ in gross annual income from existing tenants, USPS and iData, each of which recently exercised options to extend leases for another five years as of January 1, 2024. For investors, lease up the third floor either as is for professional office, or target for more retail-like uses allowed under CL zoning, which could generate a higher rent than straight office. The 3rd floor has intentionally been kept vacant for a prospective owner-user to occupy. If leased, expect another $100K +/- in gross income. Among the value-add scenarios is to convert the third floor to residential, specifically four 1-BR apartments, that could command up to $2,350 per unit, based on a recent nearby lease comp. Or convert to a luxury 3-BR, 2-BA single-unit residence, as shown in the offering memorandum attached with the listing. Looking ahead, when lease options eventually expire, the second floor could also be converted to residential under the Mt. Vernon Overlay plan, for a total of eight 1-BR units, and the ground floor could be converted to other uses allowed under existing zoning, including restaurant use, yielding better returns. Included in asking price are an incredible--and rare--22 parking spaces on two RB-zoned lots behind the building at 115-117 E. Howell Ave. Parking allowed on these residential lots under an SUP that would need to be renewed by new owner.

1908 Mt Vernon Ave, Alexandria