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7405 Columbia Avenue

COLLEGE PARK, MD 20740
  • $1,040,000
  • STATUS: Closed
  • ON SITE: 288 Days
  • ID#: MDPG2089872
Sold - 05/24/2024
$1,040,000
SOLD - 05/24/2024
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,154
    SQFT
  • $202
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:

School Ratings & Info

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.Property SOLD AS IS.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

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-20T23:52:50.84.
www.jessyoungrealestate.com/homes/143114983
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7405 Columbia Avenue COLLEGE PARK, MD 20740

  • Price: $1,399,000
  • Status: Closed
  • On Site: 288 Days
  • ID#: MDPG2089872
0
Beds
0
Baths
0
½ Baths
0.25
Acres
5,154
SQFT
$202
$/SQFT
1915
Built
Neighborhood:
College Park
County:
Prince Georges
School District:
Prince George's County Public Schools
Property 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.Property SOLD AS IS.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
Exterior Features

Architectural Style Colonial Construction Materials Combination Garage Spaces 2.00 Garage Type Garage - Front Entry Garage YN Yes Lot Features Backs to Trees Parking Features FencedPrivateSurface Parking Types Off SiteOn StreetParking LotDrivewayDetached Garage Pool No Pool Property Condition Good Roof Composite Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3436 Appliances Oven/Range - ElectricStove Below Grade Finished Area 1718 Cooling Central A/C Fireplace YN No Flooring Carpet Heating Hot Water Heating YN Yes Interior Features CarpetEfficiencyFloor Plan - OpenKitchen - Table Space Single Room Units 0 Three Bedroom Units 1 Two Bedroom Units 0 Units Furnished None

Property Features

Accessibility Features None Buyer Financing Other Central Air YN Yes Close Sale Terms Standard Sale Cooling Fuel Electric Existing Lease Type Yearly Foundation Details Slab Gross Income 7454.00 Heating Fuel Natural Gas Hot Water Natural Gas Municipality College Park Navigable Water YN N New Construction YN No Number Of Units Leased 7 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 802591511500 Owner Pays GasSewerWater Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Probate Listing Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 13552.00 Transportation Bus Stop less than 1 mileMetro/Subway Station less than 1 mile Vacation Rental YN No Water Source Public Zoning RSF65

Listing courtesy of EXP Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-06-20T23:52:50.84.
 
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