908 Davis Ave

$529,000, 2,535 Sqft .13 Acres

About This Property

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® #MDMC699066
Price$529,000
Bathrooms0.00
Square Footage2,535
Acres0.13
Year Built1943
TypeMulti-Family
Sub-TypeTriplex, Detached
StyleTraditional
StatusActive

Community Information

Address908 Davis Ave
CityTAKOMA PARK
CountyMONTGOMERY-MD
StateMD
Zip Code20912

Interior

HeatingRadiant
CoolingWindow Unit(s)
FireplaceYes
# of Fireplaces1
# of Stories3

Exterior

ExteriorBrick Front, Vinyl Siding

School Information

District

MONTGOMERY COUNTY PUBLIC SCHOOLS

Additional Information

Date ListedMarch 6th, 2020
Days on Market31
ZoningR-40

Listing Details

OfficeEXIT Deluxe Realty

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 Compass 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 2020.

Listing information last updated on April 5th, 2020 at 2:45pm CDT.

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