$1,399,000   ♡   College Park, MD 20740 9 bed 7 bath 5,154 SqFt ($271/SqFt) 0.25 acre lot. Built 1915 Listed 2023-09-06, Taxes $13,818 | Ⓧ USDA Ineligible due to price & location near College Park |
Don't Miss Your Chance to Own this 7 Unit
* Has Contingent Offer *Turnkey, fully leased Multifamily property in the rarely available and in demand Old Town Section of College Park, Maryland. This 3 level home is 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, 1B) 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
Presented by Neil Bacchus at
Exp Realty.
Property MLS #MDPG2089872 from BrightMLS
Efficiency
Floor Plan - Open
Kitchen - Table Space
Stove
Heating Features: Hot Water
Heating: Yes
Lot Size Square Feet: 10687
Garage Features: Garage - Front Entry
Parking Features: Fenced, Private, Surface, Detached Garage Spaces: 2, Parking Lot Spaces: 16, Off Site, On Street, Parking Lot, Driveway, Detached Garage
Parking Total: 18
Number of 1 Bedroom Units: 6
Number of 3 Bedroom Units: 1
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Bedrooms in Unit-7: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Full Bathrooms in Unit-5: 1
Full Bathrooms in Unit-6: 1
Full Bathrooms in Unit-7: 1
Map directions Map directions Map directions Map directionsSource Listing Status: Active Under Contract
County: PRINCE GEORGES
Source Property Type: Multi-Family
Area: PRINCE GEORGES
Source Neighborhood: COLLEGE PARK
Postal Code Plus 4: 3550
Subdivision: COLLEGE PARK
Township: College Park
Property Subtype: Quadruplex
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $unknown + $unknown $757,733 | $13,818 |
| 2021 | $611,700 + $130,400 $742,100 | $13,375 |
| 2020 | $unknown + $unknown $681,133 | $12,379 |
| 2019 | $unknown + $unknown $620,167 | $11,302 |
| 2018 | $428,800 + $130,400 $559,200 | $10,269 |
| 2017 | $unknown + $unknown $526,967 | $9,709 |
| 2016 | $unknown + $unknown $494,733 | $9,143 |
| 2015 | $332,100 + $130,400 $462,500 | $8,561 |
| 2014 | $unknown + $unknown $455,300 | $8,194 |
| 2013 | $unknown + $unknown $448,100 | $8,085 |
| 2012 | $unknown + $unknown $440,900 | $7,881 |
| 2010 | $unknown + $unknown $430,700 | $7,547 |
| 2009 | $unknown + $unknown $410,300 | $7,363 |
| 2009 | $unknown + $unknown $420,500 | $7,363 |
| 2008 | $unknown + $unknown $410,300 | $5,658 |
$1,399,000
BrightMLS
Listed 2023-09-06
$1,495,000
BrightMLS
Sold 1989-10-27
$440,000
Public Record
Year Built: 1915
Construction Materials: Combination
Property Age: 109
Structure Type: Detached
House Style: Colonial
Total Below Grade Area: 1718
Architectural Style: Detached
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  |  |  |
 |  |  | ||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.