520 E Mount Ida Avenue

Description

Welcome to 520 E Mount Ida Ave. This 2 bedroom, one bath home with an unfinished basement is perfectly located in the Potomac Yards Corridor and is an exceptional value in sought -after Del Ray. This property presents a rare opportunity for investors, builders, or buyers seeking a renovation or redevelopment project in one of the most desirable neighborhoods, is livable, with a lot of TLC. Situated on a 3,374 sq ft lot with a shared driveway( city records indicates the driveway ownership is with 520.) The home offers the flexibility for those looking to remodel the existing brick structure, or rebuild on the current footprint with the potential to add an additional level. (Buyer to verify zoning, setbacks, and building options. The unfinished basement provides additional opportunity to reimagine the space. This property carries a total tax assessment of $707,391, with a reverse mortgage payoff estimated approximately $65,000 less., creating a compelling upside for the right Buyer. This is a strictly "AS IS" sale. Seller will make no repairs. This property is ideal for Buyers with vision who understand Del Ray's strong long-term value and redevelopment appeal. This prime location is near shops, dining, parks, major commuter routes, and all that Alexandria has to offer. Minutes to Old Towne, The Waterfront, Reagan National Airport, and Interstates I495, and 95.