50 Pickett StAlexandria, VA 22304

This exceptional investment opportunity features two adjacent commercial condo units totaling 1,286 square feet at 50 S Pickett Street, Unit 225, Alexandria, VA. Each unit is individually priced at $275,000, or both can be purchased together for $550,000. Located in a thriving strip mall with ample parking, these units boast prime visibility and are situated in a densely populated area, offering easy access to Washington, D.C., Old Town Alexandria, Arlington, Springfield, and Maryland. Currently generating a combined monthly rental income of $3,200 on month-to-month leases, the property presents a strong cash flow opportunity. Comparable units in the area lease for $2,500 each, suggesting potential for rental increases. The units were remodeled in 2012 and benefit from low condo fees of $245 per month each. This location is highly desirable, with close proximity to Cameron Station and less than half a mile from the new Landmark development. The property's strategic location and strong rental income make it an ideal investment for both seasoned and new investors seeking a high-return opportunity in a rapidly growing area. The units are currently occupied, providing immediate income upon acquisition. This is a rare chance to acquire a well-maintained, income-producing property in a prime Alexandria location.