Views - Seller Financing
Address
112 Lee Avenue Takoma Park, MD
Price
$ 1,999,500
Property Attributes
  • MLS#MDMC758494
  • TypePending
  • CountyMONTGOMERY
  • CityTakoma Park
  • Zip20912
  • StyleApartment Building
  • Year Built1958
  • Taxes$ 21046
  • Price$ 1,999,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage99999
  • Lot Size0.41 Acres
Listing Provided Courtesy Of:
CASAS Real Estate, Inc.
Data Source:
Bright MLS - 382 - MD
Property Description

Opportunity to own 15 unit apartment building with little turnover close to college and City of Takoma Park amenities. Lots of upside in rents by using City of Takoma Park regulations to create rent increases. Owner is open to 1031 Exchanges. Bring your offers early because this property subject to Right of First Refusal by Montgomery County/Takoma Park. Rent rolls, lead certificates, operating expenses, etc. attached as disclosures. OWNER FINANCING - owner will consider holding small first or second with large down payment. Terms offered: 5% interest only payments for approx. 5 years with balloon at termination of balloon. If you are considering converting these apartments to a condominium, please google the Maryland Condominium Conversion Act (promulgated out of the MD Secretary of State's Office) which is 56 pages long and is available online.

Price History
5/18/2021 Listed $1,999,500

General Features

Acceptable Financing Cash, Conventional, Exchange, FHA, FNMA, Private, Negotiable, Seller Financing
Accessibility None
Association Fee 0.00
Building Name NONE AVAILABLE
Business Type Apartment Building
Construction Materials Brick
Cool Fuel Electric
Cooling Window Unit(s)
County MONTGOMERY
Days on Market 45
Electric Expense 902.00
Flooring Ceramic Tile, Hardwood, Vinyl, Wood
Heating Hot Water, Radiator
Legal Subdivision TAKOMA PARK
Municipality Takoma Park
New Construction No
Ownership Fee Simple
Possession Settlement
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Good
Roof Flat
Security Features Carbon Monoxide Detector(s), Main Entrance Lock, Smoke Detector
Sewer Public Sewer
Tax Annual Amount 21046.0
Tax Lot 20
Tax Year 2021
Total Units 15
Trash Expense 2844.00
Utilities Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/N No
View City
Water Access Y/N No
Zoning R10

Interior Features

Central Air Y/N No
Entry Level 1
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water 60+ Gallon Tank, Natural Gas

Exterior Features

Building Area Total 0.00
Car Parking Spaces 15
Lot Size Acres 0.41
Lot Size Source Assessor
Lot Size Square Feet 17758.00
Navigable Water Y/N No
Total Parking Spaces 15
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 20912

Price
AVG $740K
$2M
Taxes
AVG $8,104
$21,046
Visits
AVG 107
10
Year Built
AVG 1945
1958

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