308 Patterson Ct, TAKOMA PARK, 20912

Multi-Family - Other, Other For Sale in TAKOMA PARK

$925,000

Beds
Baths
Sqft
.23Acres
1934Built
65DOM
MLS® #: MDMC667398
Active, 65 Days on Market

This is 7 units (not 4) - 5 x 1BR and 2 efficiencies. This Brick and Stucco Tudor Style detached multifamily is in a great location on a quiet cul-de-sac next to Long Branch Park trail and yet just a block from Carroll Avenue leading to downtown Takoma Park Historic Area Restaurants and Stores one way, and Takoma/Langley future Purple Line station and shopping Mall in the other. Buses in all directions and close by Columbia Union University. This is a hot location that renters desire. Easy to rent with 5 one-bedroom units and 2 large studios; all completely self-contained with own bathrooms and kitchen. Better still it is outside of the City limits so not subject to the Rent Stabilization Law and is in fact in unincorporated Montgomery County. It features common gas hot water radiator heating; the best type that tenants love. There are two gas fired hot water heaters, and the electric box has been upgraded to circuite breaker. There's a separate laundry room in the basement with leased machines and rental income averages $300 per quarter. There's parking for 7 cars in the rear of the property and more out front. It's a pretty lot with a grassy area and hedge in the rear with room for tenants to stroll and just 50 yards away is the Long Branch Park trail that runs in both directions for jogging/walking. All units currently rented and room for future improvements with unfinished attic space and balcony not currently in use. They were all inspected in April 2019 by Montgomery County and passed. 3 units are recently completely remodeled and the seller has spent 100K in recent improvements/repairs. Gutters and downspouts are new. Here is a great opportunity to get into the multi-family housing market in a pleasant location where you are able to set market rents in the future.

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Essential Information

MLS® #: MDMC667398
Price: $925,000
Condo Coop Fee: $0
Bathrooms: 0.00
Acres: 0.23
Year Built: 1934
Type: Multi-Family
Sub-Type: Other, Other
Style: Other
Status: Active
Taxes: $7,326
Tax Year: 2018

Community Information

Address: 308 Patterson Ct
Subdivision: TAKOMA PARK
County: MONTGOMERY-MD
State: MD
Zip Code: 20912

Amenities

Amenities: Attic
Utilities: Cable TV Available, Electric Available, Multiple Phone Lines, Sewer Available, Water Available
Parking Spaces: 7
Parking: Assigned

Interior

Appliances: Refrigerator, Stove
Heating: Radiator
Cooling: Window Unit(s)
Has Basement: Yes
Basement: Partial, Side Entrance, Walkout Stairs, Full, Windows
# of Stories: 3

Exterior

Exterior: Brick and Siding
Exterior Features: Sidewalks, Street Lights, Exterior Lighting
Windows: Double Pane
Roof: Asphalt

School Information

District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary: ROLLING TERRACE
Middle: SILVER SPRING INTERNATIONAL
High: MONTGOMERY BLAIR

Additional Information

Listing Office: Long & Foster Real Estate, Inc.
Date Listed: July 19th, 2019
Days on Market: 65
Zoning: R10

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than TTR Sotheby's International Realty are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on September 21st, 2019 at 3:45pm EDT.