This is a hard to find 1930 Bungalow arranged as 7 completely self-contained units in the heart of the Historic District of downtown Takoma Park in Montgomery County. Good gross income of $7805 per month and many recent improvements to the building including new bathrooms and kitchens make this easy to take ownership of. Thee are great tenants and it's a very rentable and popular area to live in. There's even a chance for an owner occupant to move into the largest 3BR unit on the top floor, which vacates in early 2018.
The property is built on two lots with a total of 13,000 square feet with a side parking lot and parking to the rear. Metro is just a 10-minute walk away, while restaurants, the cooperative, schools, and library are all less than 5 minutes walk. The property features economical gas heat and electric central air conditioning. You will love the old-fashioned front porch and tenants love that rents are reasonable and parking is an option for them. The sale is subject to Tenant First Right of Refusal to Purchase and Montgomery County Right of first refusal. Currently fully occupied; rent rolls and income/expense information are available upon request.