908 DAVIS AVE, TAKOMA PARK, MD 20912
908 DAVIS AVE
TAKOMA PARK, MD 20912
Expired Listing $550,000
Beds:
Baths:
Sq. Ft.: 2,535
Type: Traditional
Listing # MDMC685606
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.
Property Features
County: MONTGOMERY
Legal Subdivision: TAKOMA PARK
Zip Code: 20912
Has Fireplace: Yes
Heating: Radiant
Cooling: Window Unit(s)
Central Air: No
Has Basement: No
Style: Traditional
Has Garage: No
Pool: No Pool
Lot Size in Acres: 0
Lot Size in Sq. Ft.: 5,520
School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
List Date: 2019-10-31
Property Subtype: Detached
Year Built: 1943
Status: Expired
Tax Year: 2019
Tax Amount: $8,628
Short Sale: No
Foreclosure: No
REO/Bank Owned: No
Map
Listing Courtesy Of: EXIT Deluxe Realty
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