$1,100,000
$1,100,000
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4,614 SqFt
SOLD DATE : 12/10/2021
Key Details
Sold Price $1,100,000
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,614 sqft
Price per Sqft $238
MLS Listing ID MDMC746360
Sold Date 12/10/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $12,998
Tax Year 2021
Lot Size 4,765 Sqft
Acres 0.11
Property Description
Imagine owning a part of history that produces good cash flow with the potential for more! Here is a great opportunity to own a unique circa 1920 Arts and Crafts style property in the heart of the Historic District of the City. This Commercial property has 6 residential rental units (2 x 2 BR, 3 x 1BR & 1 efficiency) and over 3,000 square feet of space, and 1 retail store with 1100 square feet of space on 2 levels. Gross Income $108,423 per year - ask agent for details. It's just a half-mile stroll to Takoma Metro Station and nearby restaurants and stores are located all around you. Enjoy the July 4th parade from the front porch and the Takoma Street Festival in front of your door. Tenants love it here with so much to do and with easy access into nearby Washington, D.C. Tenants pay electricity which is the source of heating and cooling for A/C units. The shop has CAC. Owner pays water/sewer and hot water. Contact agent for income/expense details. The sale is subject to the Tenant, City, and County's first rights of refusal. Showings restricted due to COVID. Please review floorplans & unit photos & income/expense obtained from a helpful agent. Great potential here for long-term cash flow in a high-demand area. Photos and Tour at the website link.
Location
State MD
County Montgomery
Zoning NR0.7
Interior
Hot Water Natural Gas
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Vinyl, Wood
Heat Source Electric
Exterior
Garage Spaces 1.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Water Access N
View City
Roof Type Concrete,Other
Street Surface Black Top,Paved
Accessibility Level Entry - Main, None
Road Frontage City/County
Total Parking Spaces 1
Garage N
Building
Lot Description Cleared, Front Yard, Level
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Takoma Park
Middle Schools Takoma Park
High Schools Montgomery Blair
School District Montgomery County Public Schools
Others
Tax ID 161301057694
Ownership Fee Simple
SqFt Source Assessor
Security Features Carbon Monoxide Detector(s),Smoke Detector
Acceptable Financing Cash, Conventional, Bank Portfolio
Listing Terms Cash, Conventional, Bank Portfolio
Financing Cash,Conventional,Bank Portfolio
Special Listing Condition Standard
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Bought with Shervin Sam Sheibani • Smart Realty, LLC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
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