Sold: Jan 15, 2021
Address
4242 East West Highway # 704 Chevy Chase, MD
Price
$ 123,959
Property Attributes
  • MLS#MDMC732750
  • TypeCondos
  • CountyMONTGOMERY
  • CityChevy Chase
  • Zip20815
  • Style
  • Price$ 123,959
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage362
Listing Provided Courtesy Of:
Weichert, REALTORS
Data Source:
Bright MLS - 382 - MD
Property Description

**BEING SOLD STRICTLY AS PART OF A PACKAGE DEAL** SPECTACULAR INVESTMENT OPPORTUNITY JUST BLOCKS TO DOWNTOWN BETHESDA!! SIX FULLY RENOVATED STUDIOS FOR ONE LOW PRICE!! Already an investor looking to add to your rental portfolio, or been thinking about becoming an investor and looking for a great opportunity? Well look no further!! The Riviera of Chevy Chase is located just 3 blocks to Bethesda METRO, across the street from the Bethesda Crescent trail, and just steps to all the dining, entertainment and shopping that Bethesda has to offer! Also, located just one METRO stop from NIH, Bethesda Naval, Friendship Heights and DC border. The building features an abundance of amenities including 24/7 concierge, attached garage parking with each unit, newly renovated lobby and elevators, secured and monitored entrance, fitness center, party room, business center, sauna and topping all off, literally is the stunning rooftop deck and pool! Want to rent long term, or short term, up to you! The 03 and 04 tiers are the only units that are allowed to be rented short term! Every unit has been renovated from top to bottom, including breaking down walls to install completely remodeled kitchens with granite counters, upgraded cabinets and appliances, renovated baths, upgraded lighting, recently replaced HVAC systems and more! Condo fee includes ALL utilities and the units are completely move in ready, so let the money start rolling in! Sellers will include their current website, FurnishedInBethesda.com, at no extra cost. They have been using that site for over 10 years and have had one of the lowest vacancy rates compared to industry standards (less than 2%). Having multiple units in one building makes it easier to juggle tenants and keep units occupied with the least amount of downtime, makes it easier for management and maintenance issues as well, and helps stream line the rental process. CONTACT LISTING AGENT FOR FURTHER DETAILS G E N E R A L S P E C S : Price: $672,000 6 Studio units: (#403/261 s f , #404/362 s f , #603/261 s f , #704/362 s f , #803 261 s f , #904/362 s/f ) Current Average taxes per unit for the year : $1 ,486. 16 (average monthly taxes : $128.85) Monthly condo fee per unit : $600 Gross yearly average income per unit : $23, 1 13 Total Gross Average Income: $138,679

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Condos Average in 20815

Price
AVG $780K
$120K

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