8950 Hooes Rd Lorton, VA 22079

This exceptional investment opportunity in Lorton, Virginia, presents a unique blend of immediate rental income and significant future development potential. The property encompasses a beautifully renovated 4,142 square foot single-family home currently leased until November 30, 2025, generating $4,500 in monthly rent. The home, meticulously updated in 2023, boasts five bedrooms, three full baths, one half-bath, and four original fireplaces, all situated on a picturesque three-acre lot. Improvements include new roofing, siding, flooring, kitchen, bathrooms, doors, windows, and garage, representing approximately $400,000 in recent renovations. A 400 square foot storage shed adds further utility. Beyond the existing residence, the property offers a fully prepared subdivision plan for three lots, ready for county submission. This R-1 zoned land allows for the construction of two additional single-family homes, each approximately 5,000 square feet. Over $150,000 has already been invested in engineering and subdivision preparation, with all necessary documents readily available. Post-subdivision, the property's appraised value is projected to exceed $1.8 million, with potential to surpass $4 million following the construction of the new homes. This fee-simple ownership offers a compelling combination of immediate cash flow and substantial long-term appreciation. The property's location in Fairfax County, VA, zip code 22079, provides convenient access to local amenities and transportation. This turnkey investment is ideal for discerning buyers seeking a high-return opportunity with a blend of historical charm and modern convenience. The NOI is $54,000, with a 4.52% cap rate and a price per square foot of $288.51. The asking price is $1,195,000.