2200 & 2202 Scroggins Rd, Alexandria, VA 22302

Property Description

This charming Colonial-style home, built in 1940, presents a prime investment opportunity in the desirable Seminary Heights neighborhood. With a generous lot size of 0.32 acres, this property features additional lots, offering potential for expansion or development, which can significantly enhance its value. The home boasts three spacious bedrooms and one and a half bathrooms, making it suitable for various rental strategies, including long-term leases or short-term rentals. The full basement provides ample storage or the possibility for conversion into additional living space, further increasing rental income potential. Key features include a classic brick exterior and hardwood flooring, which appeal to a wide range of tenants. The property is situated on a corner lot with road frontage, enhancing visibility and accessibility, which is advantageous for future development or resale. Investors will appreciate the absence of a homeowners association fee, allowing for greater flexibility in property management. On-street parking is available, catering to tenant needs without the burden of additional costs. The combination of its location, lot features, and structural integrity positions it as a lucrative opportunity for both immediate cash flow and long-term value growth.