1006 MERRIMAC DRIVE
About This Property
Investor alert!!! Good rental income!!! House pays itself!!
Unique style brick colonial with 9 bedrooms and 7 baths in the heart of a bubbling and developing part of Silver Spring. This home has one full kitchen and 3 kitchenettes.
*** Main part of home features 4 bedrooms and 3 full baths. Master bedroom with master bath on main level, formal living room with fireplace, dining room, and kitchen with stainless steel appliances, quartz countertop, and breakfast bar with Pendant lighting. Go up the stairs to an additional 3 bedrooms and full bath. Hardwood floors throughout and recessed lighting. Laundry on main level.
*In the main level rear, you have an attached addition that features an in-law suite with 2 bedrooms with alot of natural light, bath, kitchenette & dining combo.
*Go up the steps to an additional in-law suite or rental income producing apartment that features master bedroom with master bath, 2nd bedroom, 2nd bath, kitchenette, and living/dining area.
*Lower level has a family room with kitchenette with breakfast bar, full bath, additional room with fireplace, and utility room.
*The exterior has a ramp that goes up to a deck, nice patio in rear, fully fenced backyard with shed with shelves. There are 2 driveways, giving parking for 5 cars, plus on street parking. In addition, this home has unique office space.
Close to shops, restaurants, bus stop, metro, I-495, and Takoma Park and Washington,DC. Buyer to do due diligence in checking if property can be converted to multi-family or rental property.
Sentrilock on Railing. Please lock all doors and turn off all lights. Please take off shoes or wear shoe coverings.
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Precio reducido por $25,100!!! Gran Oferta!!!
Alerta a inversionistas!!! Buen ingreso de renta!!! La casa se paga sola!!!
Casa con estilo unico colonial de ladrillo con 9 dormitorios y 7 banos en el corazon de la parte burbujeante y en desarrollo de Silver Spring. Esta casa tiene una cocina completa y 3 cocinetas.
*** La parte principal de la casa cuenta con 4 dormitorios y 3banos completos. Dormitorio principal con bano principal en el nivel principal, sala formal con chimenea, comedor y cocina con electrodomesticos de acero inoxidable, encimera de cuarzo y desayunador con iluminacion colgante.
*Sube las escaleras y hay 3 dormitorios adicionales y un bano completo. Pisos de madera en todas partes y iluminacion empotrada. Lavanderia en el nivel principal.
*En la parte de atras del nivel principal, tienes una adiccion que cuenta con 2 dormitorios con mucha luz natural, bano, combo de cocineta y comedor.
*Sube las segunda escaleras y hay una suite adicional para los suegros o un apartamento de alquiler que genera ingresos. Tiene un dormitorio principal con bano privado, segundo dormitorio, segundo bano, cocineta y espacio sala o comedor.
*Nivel bajo tiene una sala familiar con cocineta con barra desayunador, bano completo, cuarto adicional con chimenea y cuarto de servicio.
**El exterior tiene una rampa que sube a una terraza, un bonito patio en la parte trasera completamente cercado con un cobertizo con estantes. Hay 2 entradas para vehiculos, con estacionamiento para 5 autos, ademas de estacionamiento en la calle. Ademas, esta casa tiene espacio para oficina en la parte de atras con bano al lado. Cerca de tiendas, restaurantes, parada de autobus, metro, I495 y Takoma Park y Washington,DC. El comprador debe realizar la debida diligencia para comprobar si la propiedad se puede ser convertido en propiedad multifamiliar o de alquiler.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2024 | Sold | ||
| Sold | |||
| Jun 24, 2024 | In contract | - | |
| In contract | |||
| Jun 24, 2024 | Price Increased |
$850,000
↑ $100
(0%) | |
| Price Increased | |||
| Jun 14, 2024 | Price Decreased |
$849,900
↓ $100
(0%) | |
| Price Decreased | |||
| May 3, 2024 | Listed by Elite Properties, Inc. | $850,000 | |
| Listed by Elite Properties, Inc. | |||
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About Silver Spring
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017