908 Davis Avenue

Takoma Park, MD
$ 529,000 Beds 5 Baths 0
Monthly Estimate* How much can I afford?

Rare multi-unit investment opportunity in sought after Takoma Park. 3 unit property available subject to the City of Takoma Park Opportunity to Purchase once they have a ratified contract to review. Tenants have already waived their Opportunity to Purchase. This property is subject to rent control with allowable "banked" rent of Unit 1 of $1405, Unit 2 $1078 and Unit 3 $758. Current owner has a family member living in Unit 1 paying $1114 per month but the rent can be increased to the banked rent of $1405 for the next tenant. Unit 1 lease expires September 30, 2020. Unit 2 has tenant that has lived there since 2008 with a current lease expiration of 5/31/21 paying $948 per month and unit 3 has a tenant paying $758 with a lease expiration of 6/30/21. Pictures of Unit 1 are from before current tenant moved in. Owner pays gas and water - tenants pay their own electricity. Purchase as an investment opportunity or move in to one unit and use the rental income from the other units to help pay expenses. Currently tenant occupied so 24 hour notice required to show the property.

Pending

  • Price
  • $ 529,000
  • Lot Size
  • 5,663 SqFt
  • Bedrooms
  • 5
  • Full Bathrooms
  • 0
  • Year Built
  • 1943
  • Half Bathrooms
  • 0
  • City, Zip
  • Takoma Park
  • Taxes
  • 9123
  • County
  • MONTGOMERY
  • Style
  • Traditional
  • Area
  • MLS#
  • MDMC722292
  • Zip
  • 20912
Listing Provided by: EXIT Deluxe Realty

Features

General

Accessibility None
Architectural Style Traditional
Construction Materials Brick Front, Vinyl Siding
Cool Fuel Electric
Cooling Window Unit(s)
County MONTGOMERY
Garage Y/N No
Heating Radiant
High School District MONTGOMERY COUNTY PUBLIC SCHOOLS
Legal Subdivision TAKOMA PARK
New Construction No
One Bedroom Units Count 1
Other Structures Above Grade, Below Grade
Ownership Fee Simple
Possession Subject to Existing Lease
Price Per Sq Ft 333.75
Property SubType Triplex
Property Type Multi-Family
Real Estate Owned Y/N No
Rent Control Y/N Yes
Sewer Public Sewer
Structure Type Detached
Tax Year 2020
Total Units 3
Two Bedroom 2
Vacation Rental Y/N No
Water Access Y/N No
Zoning R-40

Interior Features

Central Air Y/N No
Fireplace Y/N Yes
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Natural Gas
Living Area 2535
Total Fireplaces 1

Exterior Features

Lot Size Acres 0.13
Lot Size Source Assessor
Lot Size Square Feet 5520.00
Navigable Water Y/N No
Pool Y/N No Pool
Spa No
Type of Parking Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Fredicksburg, VA office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/21/2020 Listed $529,000

Property vs Zip Code Average in 20912

Price
AVG $580K
$530K
Taxes
AVG $7,042
$9,123
Visits
AVG 56
25
Year Built
AVG 1950
1943
Walkscore
AVG 69
54
Data Provided by Walkscore ® not using MLS data

Map

908 Davis Avenue Takoma Park, MD is a Single Family Home for sale at $529000 and a lot size of 5,663 SqFt Acre(s). 908 Davis Avenue Takoma Park has 5 bedrooms, 0 baths and was built in 1943. The property's zip code is 20912 which is in Takoma Park, MD

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.