RARE 1993 Leesburg TH – Easy Reno
BUY NOW = $450K
- 3 Bed / 2.5 Bath (rough-in for additional half bath on lower level)
- 1,741 AG SF | 3 levels
- 1-car garage townhome
- Built: 1993
- Lot: 2,178 SF (0.05 ac)
- HOA: $100/mo
- Ask: $445K
- ARV: $600,000++
- Rent: $2,800–$3,000/mo
- WOW Roof ~5 yrs | HVAC ~6 yrs
- Utilities: Gas heat + central A/C | Public water/sewer
CONDITION
Finish update. Systems are already addressed.
Keep
- Roof ~5 years
- HVAC ~6 years
- Layout is standard 3-level garage TH (easy resale)
Update
- Flooring + paint throughout
- Kitchen refresh (dated finishes)
- Bath refresh (dated finishes)
- Drywall/ceiling patch work (visible cutouts/repairs)
- Clean-out + punch list
PHOTO NOTES
- Main level gets strong natural light from the rear window/deck door
- Lower level is usable flex space and supports the half-bath rough-in upgrade path
- Ceiling patch work needed
COMPS / ARV
Comps provided:
- 418 Nikki Ter SE — $590k
- 668 Tammy Ter SE — $580k
- 676 McLeary Sq SE — $595k
ARV: $600k++ (comps are nice – but none fully renovated)
(New builds trading $750k–$900k provide area ceiling context)
EXIT FIT
Flip
- Light-to-mid scope (mostly finishes + drywall/ceiling patches)
- Comp band supports $580k–$600k+ once retail-ready
Buy & Hold
- Rent range: $2,800–$3,000/mo
- Roof/HVAC age supports fewer near-term capex surprises
WHY THIS DEAL WORKS
- $445k ask vs $522,210 tax assessment
- Roof and HVAC already handled
- Rough-in bath adds upside without adding square footage
- Comps support the $600k+ top end with clean finishes
NEXT STEP
Reach out for access and walkthrough details.