602 Montgomery Street

Laurel, MD 20707
  • $719,900
  • STATUS: Active
  • ON SITE: 474 days
  • ID#: PG9616613
UPDATED: 33 min ago
$719,900
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,185
    SQFT
  • $116
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1947
County:

School Ratings & Info

Description

Investors, own this fully leased 2-story building with retail/office space on main floor and 3 apartments on second floor. Main floor is occupied by a dry cleaner and apartments are occupied by tenants with leases of varying lengths. Monthly income from rentals is $4550. Estate sale, for sale "As Is". 24-hour notice required. Must purchase lot at 603 Park Avenue for a combined price of $789,900.



The data relating to real estate for sale on this web site comes from MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than LoCoMusings are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Data last updated 2017-07-23T14:17:07.097.

LoCoMusings: 571-233-5495
www.locomusings.com/homes/61339861

602 Montgomery Street Laurel, MD 20707

  • Price: $719,900
  • Status: Active
  • Updated: 33 min ago
  • ID#: PG9616613
0
Beds
0
Baths
0
½ Baths
0.16
Acres
6,185
SQFT
$116
$/SQFT
1947
Built
Neighborhood:
Laurel Park
County:
Prince Georges
Area:
Prince Georges
Property Description
Investors, own this fully leased 2-story building with retail/office space on main floor and 3 apartments on second floor. Main floor is occupied by a dry cleaner and apartments are occupied by tenants with leases of varying lengths. Monthly income from rentals is $4550. Estate sale, for sale "As Is". 24-hour notice required. Must purchase lot at 603 Park Avenue for a combined price of $789,900.
Exterior Features

Exterior Brick Location Free Standing Parking Drvwy/Off StrStreet Roads Black TopCity/County Roof Tar & Gravel Waterfront No

Interior Features

Comm Industrial Misc Display WindowShowroom Cooling Central Air ConditioningWindow Unit(S) Cooling Fuel Electric Entry Level 1st Floor Floor Vinyl Heating Forced Air Heating Fuel Oil Hot Water Electric Leasable Sq Ft 6185.0 Net Sq Ft 6185.0

Property Features

Additional Income Sources Apartment RentalsShop Rentals Assessment Year 2016 Auction No City Town Tax 3379.6 City Town Tax Payment Freq Annually Comm Industrial Type WarehouseRetailOffice County Tax 4517.24 County Tax Payment Freq Annually Development Status Zoned Disclosures Historic PropertySell EntirelyUnder LeaseLead Based Paint - Federal Documents Leases Election District 10 Expenses 19117.9 For Sale Yes Foreclosure No Gross Income 54600.0 Heating Oil Average Monthly 698.46 Heating Oil Last Twelve Months 8381.5 HOA No Improvement Assessment Amount 358800.0 Improvement Assessment Payment Freq Annually Incorporated City 10000043923 Information Source Owner Provided Investment Yes Land Assessment Amount 117200.0 Land Assessment Payment Freq Annually Listing Transaction Type Standard Locale Listing Status Active Master Plan Zoning C Metering Electricity is SepHeat is Common Monthly Gross Rent 4550.0 New Construction No Occupied Yes Ownership Fee Simple Parking Included In List Price Yes Pass Thru No Possession Settlement Present Use Dry CleanerMulti Residential Property Condition As-Is ConditionShows Well Property Net Operating Income 35482.0 Property Status Existing Refuse Fee 1065.06 Rent Income 54600.0 Rental Year 2015 Seller Desires Cash Sewer Septic Public Sewer Short Sale No Special Tax Assessment 972.81 Special Tax Assessment Payment Freq Annually Tax Legal Subdivision Laurel Park Tax Year 2015 Tenancy Lease Terms Mixed Tenant Rights Tenant - Notified Total Assessment 476000.0 Total Assessment Payment Freq Annually Total Taxes 9704.39 Total Taxes Payment Freq Annually Transportation Commuter Rail - 1 MileMetrorail Bus - 1 MilePublic Bus Service Vacancy Factor 0.0 Vacation Home No Water Public Water Average Monthly 57.46 Water Last Twelve Months 689.51 Zoning Code R20

Listing courtesy of Wayne Becraft of Long & Foster Real Estate, Inc..


The data relating to real estate for sale on this web site comes from MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than LoCoMusings are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. Data last updated 2017-07-23T14:17:07.097.

LoCoMusings: 571-233-5495
LoCoMusings
540 Fort Evans Road Suite 303
Leesburg VA, 20176