806-804-806 N FAYETTE ST Alexandria, VA 22314

Extremely rare opportunity to purchase a PiggyBack townhouse in Old Town Alexandria area just 1 block to Braddock METRO Station. NOTE: EOY 2020 Operating Statement available in photos. A PiggyBack is a ground level (above grade in this case) apartment with a townhouse built above it. This was designed, approved and built as two legal units, with a reinforced concrete slab between the units. There are only four of these at Braddock Place. The president of the company that developed the 38 townhouses and 120 condos at Braddock Place formerly owned and lived in this unit and renovated the townhouse portion (upper 2 levels) in 2015. This is the largest (2,124 square feet finished space above grade) model at Braddock Place and has two on site parking spaces that convey with the sale. The two units are completely independent of each other, and have their own metered water and electric, separate entrances, addresses, and mailboxes. Each has fully equipped kitchen, HVAC systems, ceramic baths each with spa tub, and separate outdoor areas. The townhouse is currently leased at $2,655 per month and is leased through March 31, 2022. The flat is leased on a month to month basis at $1.680 per month, and tenant has been long term of several years. Total rent on both units is $4,335; far more than the garage units at Braddock Place. The low Home Owners' Association (HOA) fee of $130 /mo. The present owner is currently paying this fee. FLEXIBILITY - Investment - You own two units for the price of one. The incredibly low interest rates make this a great time for acquisitions. You can acquire this as part of a 1031 tax deferred Exchange and defer capital gains on the sale of a lesser priced property. The owner is amenable to an exchange. Live in one and lease the other - have income to help pay the mortgage and other expenses. Live in the townhouse and have a totally separate office suite with its own utilities and expenses. Live in the townhouse and have a separate suite for parents, au pair, or whoever you choose. COMMUTER'S DREAM - AND / OR WORK FROM HOME 1 Block to Metro, 2 Metro Stops to Reagan National Airport, 1 Mile and 1 Stop to Amtrak Station, 1 Block to DASH and Metro Bus, and a few blocks to Route 1, Washington Street. Close Proximity to Beltway, Washington, D.C. WALKING SCORE 87 out of 100 BIKE SCORE 90 out of 100 TRANSIT SCORE is 72 out of 100 - excellent Enjoy all the wonderful shops, galleries, and restaurants of both Old Town and Del Ray. Nearby are several wonderful parks, recreational facilities, and sights to see. THE FLAT - 804 N. Fayette Enter from gated rear alley to rear yard and patio and enter living and dining area. The kitchen has a large passthrough to living/dining area. From hallway, access a closet, a stacked washer and dryer, a full ceramic tile bath with oversized Jacuzzi spa tub, and the bedroom. THE TOWNHOUSE - 806 N. Fayette Street - front Enter and go up stairs to this delightful residence. The dining room steps down to the living room which has a fireplace between the windowed door to the concrete deck and a large window. A new kitchen was crafted in 2015, with all new stainless steel appliances, rich shaker style cabinetry and drawers, including a large pantry cabinet. There is an intimate eating area for two or three in the box window. A new powder room with a round window is conveniently located in a front corner. On the top level are two master suites, with generous sized bedrooms, lots of natural light, and a full ceramic tile bath for each, one with a Jacuzzi Spa Tub.