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308 Patterson Ct, TAKOMA PARK, MD

$925,000 - $925k Price - .23 Acres - 127 DOM

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. 6.47% cap rate. 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.

Essential Information

For 308 Patterson Ct, TAKOMA PARK, MD
  • MLS® # MDMC667398
  • Price $925,000
  • Bathrooms 0.00
  • Lot Sqft 10,019
  • Year Built 1934
  • Type Multi-Family
  • Sub-Type Other
  • Style Other
  • Status Active
  • Condo Fee $0

Community Information

For 308 Patterson Ct, TAKOMA PARK, MD
  • Address 308 Patterson Ct
  • Subdivision TAKOMA PARK
  • City TAKOMA PARK
  • County MONTGOMERY-MD
  • State MD
  • Zip Code 20912

Amenities

For 308 Patterson Ct, TAKOMA PARK, MD
  • Amenities Attic
  • Parking Spaces 7
  • Parking Assigned

Utilities

For 308 Patterson Ct, TAKOMA PARK, MD

Cable TV Available, Electric Available, Sewer Available, Water Available, Multiple Phone Lines

Interior

For 308 Patterson Ct, TAKOMA PARK, MD
  • Appliances Refrigerator, Stove
  • Heating Radiator
  • Cooling Window Unit(s)
  • Has Basement Yes
  • Fireplace Yes
  • # of Fireplaces 1
  • # of Stories 3

Basement

For 308 Patterson Ct, TAKOMA PARK, MD

Partial, Side Entrance, Walkout Stairs, Full, Windows

Exterior

For 308 Patterson Ct, TAKOMA PARK, MD
  • Exterior Brick and Siding
  • Windows Double Pane
  • Roof Asphalt

Exterior Features

For 308 Patterson Ct, TAKOMA PARK, MD

Sidewalks, Street Lights, Exterior Lighting

School Information

For 308 Patterson Ct, TAKOMA PARK, MD
  • Elementary ROLLING TERRACE
  • Middle SILVER SPRING INTERNATIONAL
  • High MONTGOMERY BLAIR

District

For 308 Patterson Ct, TAKOMA PARK, MD

MONTGOMERY COUNTY PUBLIC SCHOOLS

Additional Information

For 308 Patterson Ct, TAKOMA PARK, MD
  • Date Listed July 19th, 2019
  • Days on Market 127
  • Zoning R10

Listing Details

For 308 Patterson Ct, TAKOMA PARK, MD

Office

For 308 Patterson Ct, TAKOMA PARK, MD

Long & Foster Real Estate, Inc.

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 Capital Park Team 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 November 22nd, 2019 at 12:47pm EST.