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101
Map
$2,210,331*
●
Commercial -
Off Market
112 LEE AVENUE
TAKOMA PARK, MD 20912
Studio
0 Bath
$1,800,000 - $2,198,000
Reference Base Price*
10.54%
Since Aug 1, 2021
DC-Washington
Primary Model
About This Property
Opportunity to own 15 unit apartment building with little turnover
close to college and City of Takoma Park amenities. Lots of
upside in rents by using City of Takoma Park regulations to create
rent increases. Owner is open to 1031 Exchanges. Bring
your offers early because this property subject to Right of First
Refusal by Montgomery County/Takoma Park. Rent rolls, lead
certificates, operating expenses, etc. attached as disclosures.
OWNER FINANCING - owner will consider holding small first or second
with large down payment. Terms offered: 5% interest
only payments for approx. 5 years with balloon at termination of
balloon. If you are considering converting these apartments to a
condominium, please google the Maryland Condominium Conversion Act
(promulgated out of the MD Secretary of State's Office) which is 56
pages long and is available online.
Unit Size
-
Days on Market
-
Land Size
0.41 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$21,046
HOA Dues
-
Year Built
1938
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Nov 29, 2022 | Sold | $1,875,000 | |
Sold | |||
Jul 1, 2021 | No longer available | - | |
No longer available | |||
May 17, 2021 | Listed | $1,999,500 | |
Listed |
Property Highlights
Air Conditioning
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
05/17/2021
|
|
Loft
|
-
|
-
|
$1,999,500
Loft
-
|
-
-
|
-
|
Jan Rivera
CASAS Real Estate, Inc.
|
Building Info
About Takoma - DC
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