Takoma Park MD Real Estate & Commercial for Sale

GREAT opportunity to own 6 historically easy to rent unique units in City of Takoma Park. Several units were gutted and fully rehabbed. Sizes and layouts vary greatly. ALL WORK DONE TO CONVERT TO CONDOMINIUMS so GREAT opportunity for selling each unit individually. GREAT LOCATION only 2 blocks from Flower & Carroll Avenue Ride-On bus to Takoma and Silver Spring Metros. Historic downtown Takoma Park, Washington Adventist University and Hospital are all only a few blocks away. Close to I-495, Montgomery College, downtown Silver Spring, and University of Maryland.

VINTAGE, RENOVATED building. Almost every unit was fully rehabbed. Excellent rents for City of Takoma Park. Units vary greatly in layout and size. On-site laundry. PARKING and/or STORAGE available. Shared GARDEN. Walk to Ride-On Bus to Metros. Close to Washington Adventist University and Hospital, historic downtown Takoma Park, downtown Silver Spring, I-495 and park. ALL WORK ALREADY DONE TO CONVERT UNITS TO INDIVIDUAL CONDOS which is great for an investor who can later sell each unit. Building always rents quickly.

GREAT opportunity to own 6 historically easy to rent unique units in City of Takoma Park. Several units were gutted and fully rehabbed. Sizes and layouts vary greatly. ALL WORK DONE TO CONVERT TO CONDOMINIUMS so GREAT opportunity for selling each unit individually. GREAT LOCATION only 2 blocks from Flower & Carroll Avenue Ride-On bus to Takoma and Silver Spring Metros. Historic downtown Takoma Park, Washington Adventist University and Hospital are all only a few blocks away. Close to I-495, Montgomery College, downtown Silver Spring, and University of Maryland.

This Brick and Stucco Tudor Style detached multifamily is in a great location on a quiet cul-de-sac next to Long Branch Park trail and yet just a block from Carroll Avenue leading to downtown Takoma Park Historic Area Restaurants and Stores one way, and Takoma/Langley future Purple Line station and shopping Mall in the other. Buses in all directions and close by Columbia Union University. This is a hot location that renters desire. Easy to rent with 6 one-bedroom units and 1 large studio; all completely self-contained with own bathrooms and kitchen. Better still it is outside of the City limits so not subject to the Rent Stabilization Law and is in fact in unincorporated Montgomery County. It features common gas hot water radiator heating; the best type that tenants love. There are two gas-fired hot water heaters, and the electric box has been upgraded to a circuit breaker. There's a separate laundry room in the basement with leased machines and rental income. There's parking for 7 cars in the rear of the property and more out front. It's a pretty lot with a grassy area and hedge in the rear with room for tenants to stroll and just 50 yards away is the Long Branch Park trail that runs in both directions for jogging/walking. All units currently rented and room for future improvements with unfinished attic space and balcony not currently in use. They were all inspected in April 2019 by Montgomery County and passed. 3 units are recently completely remodeled and the seller has spent 100K in recent improvements/repairs. Gutters and downspouts are new. Here is a great opportunity to get into the multi-family housing market in a pleasant location where you are able to set market rents in the future. Current Income $95,271 per year - separate licensed units Off-street parking for 7 cars Close to Park w/trails Near to Bus Stop Gas Radiator Heating Mostly Thermal Windows Recent Updates! Not Subject to Takoma Park Rent Stabilization Law! Close to future Purple LIne Station. Floor Plan & photos https://www.308pattersonct.com