For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $649,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,580 sqft
Price per Sqft $251
MLS Listing ID MDPG563570
Sold Date 05/18/20
Style Colonial
HOA Y/N N
Abv Grd Liv Area 2,580
Originating Board BRIGHT
Year Built 1912
Annual Tax Amount $8,497
Tax Year 2020
Lot Size 7,800 Sqft
Acres 0.18
Property Description
This is a Prime Rental Property with a storage house that can be further developed into a separate town-home. All 3 Units were fully renovated in 2018. The renovation included but were not limited to new washers and dryers with; newly remodeled kitchens with stainless steel appliances, granite counter-tops & cabinets for lots of storage. It is paramount to also highlight that each unit has large windows. Two out of three units will be occupied as of the end of March in order to allow for the possibility of an owner/investor. If investor, the seller will guarantee the lease of that unit for a 1-year and will sublease it. When Fully occupied the property sets a cap rate better than 6.5%. This property can be part of 1031 Exchange. Put one more time this property is good for an owner/investor and could offer substantial upside potential for someone who will have the ability to change the zoning and add at least one extra town-home in that property.
Location
State MD
County Prince Georges
Zoning R30
Rooms
Basement Other
Interior
Hot Water Natural Gas
Heating Radiant
Cooling Window Unit(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Prince George'S County Public Schools
Others
Tax ID 17171905082
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Ebele Ileana Okonkwo • Long & Foster Real Estate, Inc.