See Home Value
$2,210,331*
Commercial - Off Market

112 LEE AVENUE

TAKOMA PARK, MD 20912
bedrooms
Studio
bathrooms
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
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210517
05/17/2021
Loft
-
-
$1,999,500
bedrooms
Loft
bathrooms
-
-
-
-
Jan Rivera
CASAS Real Estate, Inc.

Building Info

112 Lee Avenue 112 Lee Avenue, Takoma Park, MD 20912
More about this Building
112 Lee Avenue
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About Takoma - DC


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