908 Davis Ave, TAKOMA PARK, 20912

Multi-Family - Triplex, Detached For Sale

$550,000

Beds
Baths
2,535Sqft
.13Acres
1943Built
13DOM
MLS® #: MDMC685606
Active, 13 Days on Market

Rare multi-unit investment opportunity in sought after Takoma Park. 100% occupied 3 unit property available subject to the City of Takoma Park Opportunity to Purchase once they have a ratified contract to review. Tenants have already waived their Opportunity to Purchase. This property is subject to rent control with allowable "banked" rent of Unit 1 of $1400, Unit 2 $1074 and Unit 3 $755. Current owner has a family member living in Unit 1 paying $1114 per month but the rent can be increased to the banked rent of $1400 for the next tenant. Purchase for an investment opportunity or move in to one unit after current lease expires and use the rental income from the other units to help pay expenses. Currently tenant occupied so 24 hour notice required to show the property.

Essential Information

MLS® #: MDMC685606
Price: $550,000
Bathrooms: 0.00
Square Footage: 2,535
Acres: 0.13
Year Built: 1943
Type: Multi-Family
Sub-Type: Triplex, Detached
Style: Traditional
Status: Active

Community Information

Address: 908 Davis Ave
City: TAKOMA PARK
County: MONTGOMERY-MD
State: MD
Zip Code: 20912

Interior

Heating: Radiant
Cooling: Window Unit(s)
Fireplace: Yes
# of Fireplaces: 1
# of Stories: 3

Exterior

Exterior: Brick Front, Vinyl Siding

School Information

District: MONTGOMERY COUNTY PUBLIC SCHOOLS

Additional Information

Date Listed: October 31st, 2019
Days on Market: 13
Zoning: R40
Property Taxes: $8,084
Condo Coop Fees: $0

Listing Details

Listing Office: EXIT Deluxe Realty

Financials

$/SqFt: $217

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Listing information last updated on November 12th, 2019 at 12:16pm EST.