7802 Kennewick Avenue

    TAKOMA PARK, MD 20912
    • $550,000
    • STATUS: Active Under Contract
    • ON SITE: 20 days
    • ID#: MDMC660430
    Under Contract
    UPDATED: 104 min ago
    $550,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    4 Self Contained Units Close around the corner from the coming Purple Line station and in the City of Takoma Park with sought after schools, and recreation! All brick w/4 x 2 BR units each completely self-contained with own heating and CAC Cooling system, hot water heater, and tenants pay all utilities except water/sewer. Off-street parking, 2 units have wood floors and 2 have carpet over wood. All are licensed with the County and regularly inspected by them. Each Unit has a table space kitchen/dining room, separate living room, and two separate bedrooms with a bathroom in between them. They have shared hallways and separate back entrances to each unit. It's around the corner from multiple shopping centers and a future Purple Line Station/bus station. Ideal for an investor or owner occupant (vacant units to choose from). Based on income and expenses it has a 7.55% Cap Rate. This is a sought after rental area and the owners do not need to advertise for tenants as they come word of mouth. Sellers are happy to rent some units for you or provide details of interested parties. Possible for an owner occupant using the VA/FHA multi-family loan program too. More details & Photos @www.7802KennewickAve.com Potential Gross Income: $58,260 Each Unit has own water heater and tenant pays for hot water Cap Rate 7.55% Property Taxes: FY 19 $78024 Self Contained 2BR Units Each unit has CAC! Wood floors in some units. Unfinished basement. Around Corner from Bus Station! Future Purple Line Station to be Open 2022!Walk to Grocery, Restaurants & Other Stores! Off-Street Parking. Back Porches for Tenants Takoma Park City Schools! Subject to Tenant, City and County Right of Refusals

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-06-15T23:55:45.707.
    www.locomusings.com/homes/95223715

    7802 Kennewick Avenue TAKOMA PARK, MD 20912

    • Price: $550,000
    • Status: Active Under Contract
    • Updated: 104 min ago
    • ID#: MDMC660430
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1954
    Built
    Neighborhood:
    Takoma Park
    County:
    Montgomery
    Elementary School:
    Takoma Park
    Middle School:
    Takoma Park
    High School:
    Montgomery Blair
    School District:
    Montgomery County Public Schools
    Property Description
    4 Self Contained Units Close around the corner from the coming Purple Line station and in the City of Takoma Park with sought after schools, and recreation! All brick w/4 x 2 BR units each completely self-contained with own heating and CAC Cooling system, hot water heater, and tenants pay all utilities except water/sewer. Off-street parking, 2 units have wood floors and 2 have carpet over wood. All are licensed with the County and regularly inspected by them. Each Unit has a table space kitchen/dining room, separate living room, and two separate bedrooms with a bathroom in between them. They have shared hallways and separate back entrances to each unit. It's around the corner from multiple shopping centers and a future Purple Line Station/bus station. Ideal for an investor or owner occupant (vacant units to choose from). Based on income and expenses it has a 7.55% Cap Rate. This is a sought after rental area and the owners do not need to advertise for tenants as they come word of mouth. Sellers are happy to rent some units for you or provide details of interested parties. Possible for an owner occupant using the VA/FHA multi-family loan program too. More details & Photos @www.7802KennewickAve.com Potential Gross Income: $58,260 Each Unit has own water heater and tenant pays for hot water Cap Rate 7.55% Property Taxes: FY 19 $78024 Self Contained 2BR Units Each unit has CAC! Wood floors in some units. Unfinished basement. Around Corner from Bus Station! Future Purple Line Station to be Open 2022!Walk to Grocery, Restaurants & Other Stores! Off-Street Parking. Back Porches for Tenants Takoma Park City Schools! Subject to Tenant, City and County Right of Refusals
    Exterior Features

    Architectural Style Colonial Construction Materials Brick Exterior Features SidewalksStreet LightsExterior Lighting Garage YN No Location Type Downtown Other Structures Above GradeBelow Grade Parking Features Paved ParkingPrivate Parking Types Off StreetParking Lot Patio And Porch Features Brick Pool No Pool Property Condition Shows WellAs-Is Condition Riparian Rights YN No Road Responsibility City/County Road Surface Type Black Top Roof Asphalt View CityStreet Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 0 Appliances RefrigeratorOven/Range - Gas Basement PartialWalkout StairsRear EntranceOutside EntranceUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/CZoned Fireplace YN No Flooring CarpetWood Heating Forced Air Heating YN Yes Inclusions 4 Stoves And 4 Refrigerators Interior Features Floor Plan - Traditional Rooms Total 20 Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 4 Units Furnished None

    Property Features

    Acceptable Financing CashConventionalFhaVa Accessibility Features None Assessment Year 2019 Association YN No Central Air YN Yes Cooling Fuel Electric Cross Street Kirklynn Elevators 0 Existing Lease Type Month To Month Foundation Details Concrete Perimeter Front Foot Fee 0.00 Gross Income 58260.00 Heating Fuel Electric Historic YN No Hot Water Electric Incorporated City Name Takoma Park Insurance Expense 901.00 Navigable Water YN N Net Operating Income 41526.00 New Construction YN No Number Of Units Leased 1 Number Of Units Total 4 Number Of Units Vacant 3 Operating Expense 16734.00 Operating Expense Includes TrashInsurance Original MLSNumber 301737190503 Owner Pays Accounting/LegalAdvertising/Licenses And PermitsPest ControlSewerTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Quadruplex Rent Control YN Yes Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 7631.0 Tax Assessment Amount 464033.0 Tax Lot 19 Total Actual Rent 58260.00 Utilities Cable Tv AvailableElectric AvailablePhone AvailableSewer AvailableWater AvailableNatural Gas Available Vacation Rental YN No Water Source Public Window Features Double Pane Zoning R20

    Listing courtesy of Long & Foster Real Estate, Inc..
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-06-15T23:55:45.707.
     
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