Views
Address
7044 Carroll Avenue Takoma Park, MD
Price
$ 1,100,000
Property Attributes
  • MLS#MDMC746360
  • TypePending
  • CountyMONTGOMERY
  • CityTakoma Park
  • Zip20912
  • StyleApartment Building,Supermarket/Grocery Store,,/Gen
  • Year Built1920
  • Taxes$ 12998
  • Price$ 1,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3975
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Long & Foster Real Estate, Inc.
Data Source:
Bright MLS - 382 - MD
Property Description

Imagine owning a part of history that produces good cash flow with the potential for more! Here is a great opportunity to own a unique circa 1920 Arts and Crafts style property in the heart of the Historic District of the City. This Commercial property has 6 residential rental units (2 x 2 BR, 3 x 1BR & 1 efficiency) and over 3,000 square feet of space, and 1 retail store with 1100 square feet of space on 2 levels. Gross Income $108,423 per year - ask agent for details. It's just a half-mile stroll to Takoma Metro Station and nearby restaurants and stores are located all around you. Enjoy the July 4th parade from the front porch and the Takoma Street Festival in front of your door. Tenants love it here with so much to do and with easy access into nearby Washington, D.C. Tenants pay electricity which is the source of heating and cooling for A/C units. The shop has CAC. Owner pays water/sewer and hot water. Contact agent for income/expense details. The sale is subject to the Tenant, City, and County's first rights of refusal. Showings restricted due to COVID. Please review floorplans & unit photos & income/expense obtained from a helpful agent. Great potential here for long-term cash flow in a high-demand area. Photos and Tour at the website link.

Price History
3/18/2021 Listed $1,400,000
4/17/2021 8% - $1,300,000
5/25/2021 16% - $1,100,000

General Features

Acceptable Financing Cash, Conventional, Bank Portfolio
Accessibility Level Entry - Main, None
Business Type Apartment Building, Supermarket/Grocery Store, Other, Other/General Retail, Bed and Breakfast
Construction Materials Frame, Shingle Siding, Stucco
Cool Fuel Electric
Cooling Window Unit(s)
County MONTGOMERY
Days on Market 121
Electric 200+ Amp Service
Electric Expense 0.00
Flooring Vinyl, Wood
Heating Baseboard - Electric
Historic Y/N No
Legal Subdivision TAKOMA PARK
Location Type Urban
Lot Size Square Feet 4765.00
Municipality Takoma Park
New Construction No
Ownership Fee Simple
Possession Settlement, Subject to Existing Lease
Price Per Sq Ft 238.4
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Average
Roof Concrete, Other
Security Features Carbon Monoxide Detector(s), Smoke Detector
Sewer Public Sewer
Tax Annual Amount 12998.0
Tax Lot P24
Tax Year 2021
Topography Level
Total Units 7
Trash Expense 4534.00
Utilities Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Vacation Rental Y/N No
View City
Water Access Y/N No
Zoning NR0.7
Zoning Description Commercial Mixed-Use

Interior Features

Central Air Y/N No
Entry Level 2
Heating Fuel Electric
Heating Y/N Yes
Hot Water Natural Gas
Total Restrooms 7

Exterior Features

Building Area Total 4614.00
Car Parking Spaces 1
Fencing Y/n Yes
Lot Features Cleared, Front Yard, Level
Lot Size Acres 0.11
Lot Size Source Assessor
Navigable Water Y/N No
Road Responsibility City/County
Road Surface Type Black Top, Paved
Topography Description Level
Total Parking Spaces 1
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 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 20912

Price
AVG $790K
$1.1M
Taxes
AVG $8,333
$12,998
Visits
AVG 106
166
Year Built
AVG 1949
1920
Walkscore
AVG 73
90
Data Provided by Walkscore ® not using MLS data

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