The Uhler 111 E Uhler Ave 4 Unité Immeuble d’appartements 2 486 506 $ CAD (621 626 $ CAD/Unité) Alexandria, VA 22301

A rare opportunity to acquire a four-unit apartment building in the highly sought-after Del Ray neighborhood of Alexandria, VA, just steps off the bustling "Avenue" (Mt. Vernon Avenue). Multi-family properties in this prime location (Zoning: R-2-5) rarely trade, making this a generational asset for any investor.
Property Highlights:
Four (4) Units: The property consists of four spacious 2-bedroom, 1-bathroom units, each approximately 700-800 sq ft.
Value-Add Potential: Current rents for the fully leased building significantly trail the market by as much as $400-$500 per unit, offering a clear and immediate path to increasing Net Operating Income (NOI) for the new owner without major capital expenditures.
Prime Location: Located in the desirable Del Ray neighborhood, which boasts a proven track record of strong rent growth and low vacancy.
Turnkey Condition: The property has seen significant recent capital improvements, reducing future maintenance liability.
Unit and Income Summary:
The building is 75% leased, with 3 2 Bed/1 Bath units. Two units are currently Month-to-Month (MTM) leases, and 1 have a lease expiring in the Spring/Summer, offering immediate flexibility to capture market rents.
This property is an ideal acquisition for both seasoned investors looking for a secure asset in a growing market, or for an owner-occupant ("house hacker") seeking to offset their mortgage with rental income.