Thank you
Neil W Bacchus
EXP Realty, LLC
833-335-7433
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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Water Source : Public
Carpet,Efficiency,Floor Plan - Open,Kitchen - Table Space
Roof : Composite
Property Appliances: Oven/Range - Electric,Stove
Composite
Cooling: Central A/C
Heating: Hot Water
Cooling Fuel: Electric
Heating Fuel: Natural Gas
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: No Pool
Sewer: Public Sewer
Water Heat: Natural Gas
Lot Size: 10,687
Lot Size (Acres): 0.25
Architectural Style: Colonial
Stories Total: 3
Main Square Feet: 10,687
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
Possession: Settlement,Subject to Existing Lease
Days Of Market: 146
Annual Tax: $13,552
Tax Year: 2023
Total Taxes Payment Frequency: Annually
Settlement,Subject to Existing Lease
Taxes Assessment Amount: $773,367
Total Parking Spaces: 18
Parking Lot - # of Spaces: 16
Parking Type: Off Site,On Street,Parking Lot,Driveway,Detached Garage
Parking Features: Fenced,Private,Surface
Has Garage: Y
Garage Type: Garage - Front Entry
Garage Space: 2
# of Detached Garage Spaces: 2
Roof: Composite
Direction: see map
School District: PRINCE GEORGE'S COUNTY PUBLIC SCHOOLS
Water Source: Public
Sewer: Public Sewer
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Direction: see map
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6100 Westchester Park D.., College Park, MD,20740 | $260,000 | 3 | 2.0 | 1,618 | -- |
5607 Seminole , College Park, MD,20740 | $425,000 | 4 | 2 | 1,212 | 6969.6 Sqft |
6100 Westchester Park D.., College Park, MD,20740 | $179,000 | 2 | 2.0 | 1,355 | -- |
5974 Westchester Park D.., College Park, MD,20740 | $159,900 | 1 | 1.0 | 938 | -- |
5406 Knoxville Drive , College Park, MD,20740 | $709,900 | 5 | 3.5 | 2,593 | 11964 Sqft |
6100 Westchester Park D.., College Park, MD,20740 | $169,990 | 2 | 2.0 | 1,260 | -- |
5002 Seminole Street , College Park, MD,20740 | $499,900 | 7 | 4.0 | 1,440 | 6000 Sqft |
4805 Berwyn House Road .., College Park, MD,20740 | $390,000 | 3 | 2.5 | -- | -- |
6100 Westchester Park D.., College Park, MD,20740 | $200,000 | 2 | 2.0 | 1,355 | -- |
6100 Westchester Park D.., College Park, MD,20740 | $199,000 | 2 | 2.0 | 1,355 | -- |
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ByOwner last updated this listing 05/03/2024 @ 00:15
MLS: MDPG2089872
LISTED BY: Neil W Bacchus , EXP Realty, LLC
SOURCE: BRIGHT MLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.