$230,000 · ALEXANDRIA, VA 22304
Works for flippers · Landlords would lose money

Available

$230,000Asking price

2 bd · 2 ba · 1,408 sq ft · built 1975

ALEXANDRIA, VA 22304

No contract on file

via InvestorLift Classic

5 views · listed Oct 23

Works for flippers

Landlords would lose money

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $380,000
Asking price: −$230,000
RepairsMiddle of the seller’s $40,000 – $80,000. Ours: $18,000 – $37,500: −$60,000
Loan, holding, closing20% down, 12% interest, 2 points, 84 days: −$27,061
Profit16.6% of ARV · flippers want 10%+: $62,939
Works

Works for a flipper up to $253,000.

OFFERPROP LLC

OfferProp

No reviews yet

Comps

Sales

Rents

ARV $380,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $658,000.

The sales behind this value are shown to members.

ARV $380,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

OFFERPROP LLC

OfferProp

No reviews yet

Seller Description

ALEXANDRIA, VA | CONDO VALUE-ADD | COSMETIC FLIP | 10TH FLOOR UNIT

Asking Price: $230,000Estimated ARV: $380,000–$400,000Closing: November 16th, 2026

Excellent investment opportunity in Alexandria, VA! This spacious 2-bedroom, 2-bathroom condominium offers approximately 1,408 SQFT of living space on the 10th floor, presenting a potential cosmetic renovation opportunity with significant resale upside.

The unit primarily needs cosmetic improvements, while building-wide hallway renovations are already underway. With a projected completion before retail resale, investors have an opportunity to capitalize on both interior improvements and planned common-area upgrades.

PROPERTY SNAPSHOT

2 Bedrooms / 2 Bathrooms1,408 SQFT10th-Floor CondominiumSpacious Interior LayoutCosmetic Renovation OpportunityBuilding Hallway Improvements UnderwayAlexandria, VA Location

CONDITION & RENOVATION SCOPE

Primarily Cosmetic Updates NeededInterior Paint & Flooring ImprovementsUpdated Fixtures & FinishesGeneral Interior RefreshNo Full Gut Renovation Currently AnticipatedBuilding Hallway Renovations in ProgressCommon-Area Drywall, Flooring, Fixtures & Paint Being UpdatedBuyer to Verify Building Renovation Timeline & Property Condition

WHY INVESTORS SHOULD LOOK

$230K Asking vs. $380K–$400K Estimated ARV$150K–$170K Potential Gross Spread Before Renovation & CostsSpacious 1,408 SQFT Two-Bedroom LayoutDesirable 2BR / 2BA Configuration

POTENTIAL EXIT STRATEGIES

Fix & FlipBuy & HoldBRRRR — Subject to Condo Financing & Rental Restrictions

INVESTOR TERMS

Asking: $230,000Estimated ARV: $380,000–$400,000Size: 2BR / 2BA | 1,408 SQFTFloor: 10th FloorCondition: Cosmetic Value-AddClosing: November 16th, 2026

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