$492,000
$549,900
10.5%For more information regarding the value of a property, please contact us for a free consultation.
8314 FLOWER AVE Takoma Park, MD 20912
4,800 SqFt
Key Details
Sold Price $492,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $102
MLS Listing ID MDMC649844
Sold Date 09/06/19
HOA Y/N N
Originating Board BRIGHT
Annual Tax Amount $9,942
Tax Year 2019
Lot Size 4,600 Sqft
Acres 0.11
Property Description
Fantastic opportunity to own a 6 unit apartment building! 5 one bedroom units and 1 studio. Completely occupied - starting generating cash immediately! This is a great long term investment. The building features a very low vacancy rate and expenses. All systems are in excellent shape. 7.3% CAP RATE - Positive Cash Flow! Long Term Stability- Purple Line Light Rail Transit is projected to be complete in 2020! It will provide a direct connection to the Metrorail Red, Green and Orange Lines; at Bethesda, Silver Spring, College Park, and New Carrollton. The Purple Line will also connect to MARC, Amtrak, and local bus services
Location
State MD
County Montgomery
Zoning R10
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Heat Pump(s)
Heat Source Natural Gas
Exterior
Water Access N
Accessibility Other, None
Garage N
Building
Sewer Public Sewer
Water Public
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 161301078390
Ownership Fee Simple
SqFt Source Estimated
Acceptable Financing Cash, Negotiable, Conventional, Exchange
Listing Terms Cash, Negotiable, Conventional, Exchange
Financing Cash,Negotiable,Conventional,Exchange
Special Listing Condition Standard
Read Less
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 Harry N Dunstan III • Coldwell Banker Realty - Washington
GET MORE INFORMATION