Winning Offer made

912 Prospect Street, Takoma Park, MD 20912

Beds
5
Sqft
2,125
  • 469
  • 5

Overview

NOT IN INCORPORATED TAKOMA PARK. Opportunity knocks. Great 3-unit multi-family. Huge upside. Long time tenants. Ground floor is vacant, perfect for owner occupant, it is 2 bedroom and one bath. Move in lower unit and have tenants pay your mortgage. Middle unit is 2 bedroom, and one bath (current rent is $1395/month). Top floor is 1 bedroom 1 bath( current rent is $1025/month). Great pickup for owner occupant investor or someone looking for a manageable three-unit property. Solid brick construction located steps to creek and Long Branch Trail, Takoma Academy, Washington Adventist University and more. Tenant occupied. Listing Agent must accompany on all showings. Electric is separately metered. Current rents include Gas, heat, and Water. All units have lead safe certificates.

OUTSIDE OF INCORPORATED TAKOMA PARK LIMITS. Opportunity knocks. Here is your chance to own a Great 3-unit multi-family. Long time tenants. The ground floor unit has 2 bedrooms and one bath and is now vacant.. Perfect for owner occupant to live in lower unit and have tenants pay your rent. Market rates for 2 bedroom lower level units likely $1450 a month. The middle unit has 2 bedrooms, and one bath (current rent $1395). The top floor has1 bedroom, 1 bath (current rent 1025). Great pickup for investor or starter investor, or someone who wants to live in one unit and collect income from tenants. Solid brick construction, wood flooring, and replacement windows. Lead Safe Certificates for all units. Ample on-site parking. Steps to creek and Long Branch Trail, Takoma Academy, Washington Adventist University and more. Tenant occupied. Listing Agent must accompany on all showings.

Location

Seller’s Terms

Terms
Options
Value
  • Delivery of Documents

    • Buyer who makes the Winning Offer has 6 hours to deliver a completed sales contract to the listing agent.

  • Earnest Money Deposit

    • 3% of the offer price is due from the buyer within 5 business days after the date of Ratification and before the settlement date.

  • Settlement

    • 1 - 30 days after the date of Ratification.

  • Financing Contingency

    • Accepted

    • Waive Financing Contingency

  • Home Inspection Contingency

    • Accepted

      • Right to Cancel

      • Right to Negotiate

    • Waive Home Inspection Contingency

  • Appraisal Contingency

    • Accepted

    • Waive Appraisal Contingency

  • Tenant Right to Purchase

    • As-Is. Property is sold as-is. Home inspection is for informational purposes only.

  • Seller Paid Closing Costs

    • The seller is offering to pay for some of buyer’s closing costs, but has elected to not display the amount on the listing. The amount will be visible when making an offer.

Full feature list

Basic info

Number of bedrooms
5
Square feet
2,125
Lot size (acres)
0.14
Year built
1953
Property type
Multi-family

Interior features

Basement
Yes, unfinished

Garage and parking

Outdoor parking spaces
6

Utilities

Heating
Baseboard, Hot water, Natural gas
Cooling
Window unit(s)
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$7,705

Documents

File name

Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: MDMC2154306 Last checked:

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