Offer Deadline Thursday 4/4 at 9pm.
Investor alert! Complete rehab needed. This unit is being sold as is.
There are a few items the owner will be removing but it otherwise comes with everything that is currently in the unit.
Location, Location, Location, Sun drenched 1 bedroom, 1 bath condo in The Forum with southern panoramic views from the 9th floor, Great closet space, ALL UTILITIES INCLUDED IN THE RENT, One door away from the elevators and laundry room, Amenities include an outdoor pool, tennis courts, fitness center, party room, 24 hour concierge, bike storage, an abundance of parking spaces & onsite manage
Experience top-floor living in our 1 bedroom, 1.5 bathroom condo at The Forum. With no upstairs neighbors, enjoy one of the best views of Rockville Pike, right from your home. Freshly painted, this unit offers a spacious interior ideal for relaxation and entertainment.
Welcome home to a fully renovated 1BR/1.5BA condo at The Forum in North Bethesda! This bright, sixth floor unit offers an open layout with sparkling kitchen, modern bathrooms, fresh paint, tasteful lighting, updated windows and HVAC, plus new electrical.
The Forum Condominium at 11801 Rockville Pike, Rockville, MD 20852 has a prime location in the newly rebranded North Bethesda. The location is phenomenal but the condo is severely dated compared to The Gallery at White Flint, The Sterling Condos, and 930 Rose Condos among others close by.
Something to consider with The Forum Condos is the extremely high rental rate compared with owner occupied units. It’s currently around 50% renters. This can be an issue for various reasons. Many Lenders won’t finance a condo in a building with this high a concentration of Renters. Thus a buyer would need to find a Portfolio Loan that would require a down payment of 20% or more. I’ve seen buildings that get to this point, and not allow the condo owners to rent out their units in the first 2 years of ownership. Some buildings won’t allow FHA financing because the rate of default is much higher with these buyers. A building’s health is in decline in this situation. Current owners may have a hard time selling, new buyers buying… and bottomline values are affected. Thus it becomes more and more a building of rental opportunities. It’s an all inclusive building with high condo fees, but they do include all utilities. Some units allow for 3-month rentals. The Forum can be a good investment opportunity. – the Forum community web site, 301-881-8247 READ MORE…
Are you thinking of selling your Montgomery County home? Ask me for a Market Report specific for your neighborhood. Or if you’re ready, we can schedule to walk your property and discuss in person.
Questions? Do you have questions about a specific property or a neighborhood? HOA, condo fees, property taxes, etc…
I look forward to our conversation!
BJ Matson, Realtor® 301-881-8900
Taylor Properties
Montgomery County, Maryland Real Estate Agent
Sell my home
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