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308 Patterson Ct, TAKOMA PARK, MD

$925,000 - $925k Price - 4,200 Sqft - .23 Acres - 114 DOM

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 a circuit 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. Estimated Property Taxes 2019 $7,470.73 Year Built 1934 Lot Size: 10,076 square feet Zoning: R10 - Multi-family gross Current Income $95,271 per year - separate licensed units Off-street parking for 7 cars Close to Park w/trails Near to Bus Stop Gas Radiator Heating Mostly Thermal Windows Recent Updates! Not Subject to Takoma Park Rent Stabilization Law

Essential Information

For 308 Patterson Ct, TAKOMA PARK, MD
  • MLS® # MDMC671432
  • Price $925,000
  • Bathrooms 0.00
  • Square Footage 4,200
  • Lot Sqft 10,019
  • Year Built 1934
  • Type Commercial Sale
  • Sub-Type Five Or More Units
  • Status Active
  • Condo Fee $0

Community Information

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

Amenities

For 308 Patterson Ct, TAKOMA PARK, MD
  • Parking Spaces 7
  • Parking Assigned
  • View Street, Trees/Woods

Utilities

For 308 Patterson Ct, TAKOMA PARK, MD

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

Interior

For 308 Patterson Ct, TAKOMA PARK, MD
  • Heating Radiator
  • Cooling Window Unit(s)
  • # of Stories 3

Exterior

For 308 Patterson Ct, TAKOMA PARK, MD
  • Roof Asphalt
  • Foundation Block, Slab

Lot Description

For 308 Patterson Ct, TAKOMA PARK, MD

Backs to Trees, Rear Yard, Cleared

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 30th, 2019
  • Days on Market 114
  • 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 20th, 2019 at 11:15pm EST.