7405 Columbia Avenue

COLLEGE PARK, MD 20740

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 10687
    Sqft(Lot)
$1,399,000

Description

Don't miss your chance to own this 7 unit, turnkey, fully leased multifamily property in the rarely available and in demand old town section of college park, maryland. this 3 level home is very close to the university of maryland and is an excellent income producing property for the right investor. great opportunity to update and add value to this property on so many levels to maximize cash flow.
this fabulous property features 7 individual rental units. all units feature one bedroom and a kitchen except the basement unit which has 3 bedrooms. the 3 bedroom basement apartment has its own separate entrance. each unit is separately metered for easy management of individual tenants. a common laundry facility is in the basement of the property and features several machines shared by all tenants.

parking is never an issue here as the property comes with a huge gravel lot that surrounds the building, plus an enclosed 2 car garage with extra storage space. the property also has 2 newer hot water heaters.

current monthly rents and lease expirations include:

unit 1: $1,575.00 per month, lease runs through 7/15/2024 (3 br, 1ba)
unit 2: $1,050.00 per month, lease runs through 7/14/2024 (1br, 1ba)
unit 3: $927.00 per month, lease runs through 5/31/2024 (1br, 1ba)
unit 4: $927.00 per month, lease runs through 5/31/2024 (1br, 1ba)
unit 5: $1,050.00 per month, lease runs through 7/15/2024 (1br, 1ba)
unit 6: $1,050.00 per month, lease runs through 7/31/2024 (1br, 1ba)
unit 7: $875.50 per month, lease runs through 11/30/2023 (1br, 1ba)
total income: $7,454.50

  • Property Type

    Multi-Family

  • Subdivision

    College Park

  • County

    PRINCE GEORGES

  • Style

    Colonial

  • AD ID

    45001169

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Property Details

  • Water/Sewer

    • Water Source : Public

    Interior Features

    • Carpet,Efficiency,Floor Plan - Open,Kitchen - Table Space
    • Roof : Composite
    • Property Appliances: Oven/Range - Electric,Stove

    Roofing Information

    • Composite

    Heating & Cooling

    • Cooling: Central A/C
    • Heating: Hot Water
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1915
    • Structure: Detached
    • Major Appliances: Oven/Range - Electric,Stove
    • New Construction: No
    • Total Units: 4
    • Built: 1915
    • Construction Material: Combination
    • Roof: Composite
    • Foundation/Basement: Slab
    • Architecture: Colonial
    • Pool/Private: No Pool
    • Roof Type: Composite

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 10,687
    • Lot Size (Acres): 0.25
    • Architectural Style: Colonial
    • Stories Total: 3
    • Main Square Feet: 10,687

    Property Information

    • SQ ft: 5,154
    • SQ ft (Living Area): 5,154
    • Total Lot SQ ft: 10,687
    • Subdivision: COLLEGE PARK
    • Total Acreage: 0.25
    • New Construction: No
    • Type: Colonial

  • Listing Information

    • Possession: Settlement,Subject to Existing Lease
    • Days Of Market: 146

  • Tax Information

    • Annual Tax: $13,552
    • Tax Year: 2023
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement,Subject to Existing Lease

    Assessment Information

    • Taxes Assessment Amount: $773,367

  • Parking Information

    • Parking Features: Fenced,Private,Surface
    • Garage: 2
    • Garage Type: Garage - Front Entry
    • Parking Type: Off Site,On Street,Parking Lot,Driveway,Detached Garage

    Multi-Unit Information

    • Roof: Composite

    Homeowners Association Information

    • Direction: see map

  • School Information

    • School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: Electric
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: see map
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BuyOwner last updated this listing 04/28/2024 @ 14:05

  • MLS: MDPG2089872
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

Buyer Agency Compensation: 2.5%
Offer of compensation is made only to participants of the MLS where the listing is filed.

is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 10,687 sized lot, and 2 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of COLLEGE PARK , in zip code 20740, this PRINCE GEORGES County Other , it is in the COLLEGE PARK Subdivision, are nearby neighborhoods.