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7044 Carroll Avenue

TAKOMA PARK, MD 20912
  • $1,100,000
  • STATUS: Active Under Contract
  • ON SITE: 216 Days
  • ID#: MDMC746360
Under Contract
UPDATED: 22 min ago
$1,100,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:

School Information

Elementary School:
Middle School:
High School:

Description

Imagine owning a part of history that produces good cash flow with the potential for more! Here is a great opportunity to own a unique circa 1920 Arts and Crafts style property in the heart of the Historic District of the City. This Commercial property has 6 residential rental units (2 x 2 BR, 3 x 1BR & 1 efficiency) and over 3,000 square feet of space, and 1 retail store with 1100 square feet of space on 2 levels. Gross Income $108,423 per year - ask agent for details. It's just a half-mile stroll to Takoma Metro Station and nearby restaurants and stores are located all around you. Enjoy the July 4th parade from the front porch and the Takoma Street Festival in front of your door. Tenants love it here with so much to do and with easy access into nearby Washington, D.C. Tenants pay electricity which is the source of heating and cooling for A/C units. The shop has CAC. Owner pays water/sewer and hot water. Contact agent for income/expense details. The sale is subject to the Tenant, City, and County's first rights of refusal. Showings restricted due to COVID. Please review floorplans & unit photos & income/expense obtained from a helpful agent. Great potential here for long-term cash flow in a high-demand area. Photos and Tour at the website link.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Crossman & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-21T15:55:44.063.
www.crossmancre.com/homes/115211692
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7044 Carroll Avenue TAKOMA PARK, MD 20912

  • Price: $1,100,000
  • Status: Active Under Contract
  • Updated: 22 min ago
  • ID#: MDMC746360
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1920
Built
County:
Montgomery
Elementary School:
Takoma Park
Middle School:
Takoma Park
High School:
Montgomery Blair
School District:
Montgomery County Public Schools
Property Description
Imagine owning a part of history that produces good cash flow with the potential for more! Here is a great opportunity to own a unique circa 1920 Arts and Crafts style property in the heart of the Historic District of the City. This Commercial property has 6 residential rental units (2 x 2 BR, 3 x 1BR & 1 efficiency) and over 3,000 square feet of space, and 1 retail store with 1100 square feet of space on 2 levels. Gross Income $108,423 per year - ask agent for details. It's just a half-mile stroll to Takoma Metro Station and nearby restaurants and stores are located all around you. Enjoy the July 4th parade from the front porch and the Takoma Street Festival in front of your door. Tenants love it here with so much to do and with easy access into nearby Washington, D.C. Tenants pay electricity which is the source of heating and cooling for A/C units. The shop has CAC. Owner pays water/sewer and hot water. Contact agent for income/expense details. The sale is subject to the Tenant, City, and County's first rights of refusal. Showings restricted due to COVID. Please review floorplans & unit photos & income/expense obtained from a helpful agent. Great potential here for long-term cash flow in a high-demand area. Photos and Tour at the website link.
Exterior Features

Construction Materials FrameShingle SidingStucco Garage YN No Location Type Urban Lot Features ClearedFront YardLevel Parking Types Driveway Property Condition Average Riparian Rights YN No Road Responsibility City/County Road Surface Type Black TopPaved Roof ConcreteOther View City Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 4614.00 Cooling Window Unit(S) Flooring VinylWood Heating Baseboard - Electric Heating YN Yes Net Square Feet 3975.00 Security Features Carbon Monoxide Detector(S)Smoke Detector

Property Features

Acceptable Financing CashConventionalBank Portfolio Accessibility Features Level Entry - MainNone Annual Gross Expense 35575.00 Assessment Year 2021 Association YN No Business Type Apartment BuildingSupermarket/Grocery StoreOtherOther/General RetailBed And Breakfast Central Air YN No Cooling Fuel Electric Cross Street Westmoreland Electric 200+ Amp Service Electric Expense 0.00 Elevators 0 Entry Level 2 Gross Income 108420.00 Heating Fuel Electric Historic YN No Hot Water Natural Gas Insurance Expense 7196.00 Internet Services Fiber Optic Lease Considered YN No Municipality Takoma Park Navigable Water YN N Net Operating Income 67424.00 New Construction YN No Number Of Units Total 7 Operating Expense 35575.00 Operating Expense Includes AdvertisingInsuranceLandscapingRepair/MaintenanceSnow RemovalTrashWaterSewer Original MLSNumber 304497699200 Owner Pays Common Area MaintenanceLawn/Shrub CarePest ControlRepairsSewerSnow RemovalTaxes - Real EstateTrash CollectionWaterGas Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 12715.00 Tax Assessment Amount 774500.00 Tax Lot P24 Total Actual Rent 108420.00 Transportation Airport Less Than 10 MilesBus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileCommuter Rail Station 1 To 5 Miles Trash Expense 4534.00 Utilities Cable Tv AvailableElectric AvailableNatural Gas AvailablePhone AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 1990 Zoning Nr0.7 Zoning Description Commercial Mixed-Use

Listing courtesy of Long & Foster Real Estate, Inc..


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Crossman & Co. Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-10-21T15:55:44.063.
 
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