Takoma Park, MD 20912,308 PATTERSON CT
Takoma Park, MD 20912,308 PATTERSON CT
Takoma Park, MD 20912,308 PATTERSON CT
76
$850,000
$895,000
5.0%
Est.Price: ?

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4,200 SqFt

308 PATTERSON CT Takoma Park, MD 20912

Est. payment /mo
SOLD DATE : 04/30/2021

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Key Details

Sold Price $850,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $202

Subdivision Wheaton Outside

MLS Listing ID MDMC727618

Sold Date 04/30/21

HOA Y/N N

Originating Board BRIGHT

Year Built 1934

Annual Tax Amount $7,470

Tax Year 2021

Lot Size 10,076 Sqft

Acres 0.23

Property Description

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 6 one-bedroom units and 1 large studio; 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 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. 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. No tenants missed a payment since COVID19 started! FULLY RENTED. All units licensed and inspected by Montgomery County. 3 units are recently completely remodeled and the seller has spent 100K in recent improvements/repairs. Windows, 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. Current Gross Income $96,370 per year - see Income/Expenses for details. Floor Plan & photos https://www.308pattersonct.com

Location

State MD

County Montgomery

Zoning R10

Direction East

Interior

Hot Water Natural Gas

Heating Radiator

Cooling Window Unit(s)

Flooring Carpet, Ceramic Tile, Wood

Heat Source Natural Gas

Exterior

Garage Spaces 8.0

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

Water Access N

View Street, Trees/Woods

Roof Type Asphalt

Street Surface Paved

Accessibility None

Road Frontage City/County

Total Parking Spaces 8

Garage N

Building

Lot Description Cleared, Backs to Trees, Rear Yard

Foundation Block, Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Rolling Terrace

Middle Schools Silver Spring International

High Schools Montgomery Blair

School District Montgomery County Public Schools

Others

Tax ID 161300979695

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Other, Conventional

Listing Terms Cash, Other, Conventional

Financing Cash,Other,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by David L Maplesden • Long & Foster Real Estate, Inc.
Bought with Taylor J Denchfield • Realty Pros

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