7405 Columbia Avenue College Park, MD 20740
Don't Miss Your Chance to Own this 7 Unit, turnkey, fully leased Multifamily property in the rarely available and in demand Old Town Section of College Park, Maryland. This 3 level home is very 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, 1Ba) 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
- Property TypeMulti-Family
- NeighborhoodCollege Park
- CountyPrince Georges
- Taxes$13,552
- HOA/Condo/Coop Fees$0
- Days on Site45 Days
- MLS StatusActive Under Contract
- MLS ID NumberMDPG2089872
- Home Size Source Estimated
- Year Built1915
- Lot Size0.25 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Colonial
- Parking FencedPrivateSurfaceOff SiteOn StreetParking LotDrivewayDetached Garage
- Sewer Public Sewer
- Number of Stories 3
- Acreage 0.25
- Water Public
- Property Sub Type Quadruplex
- Garage Spaces 2
- Attached Garage No
- Foundation Slab
- Zoning RSF65
Interior Features
- Cooling Central A/ CElectric
- Heating Hot WaterNatural Gas
- Appliances Oven/ Range - ElectricStove
- Flooring Carpet
- Interior EfficiencyFloor Plan - OpenKitchen - Table Space
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No
- Lot Backs to Trees