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Dan Metcalf 

Dan Metcalf & Meg Finn
for Takoma Park and
Silver Spring real estate

301-830-1221

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Listing 5 out of 68
$525,000 Active Under Contract

7304 Flower Avenue
Takoma Park, MD 20912

Multi Family Home
7841 sq ft lot - MLS# MDMC668664
Property Photo
1/73

Description

Don't miss this hard to find Funky Takoma Bungalow with 4 completely self-contained 1 BR units, each with heating and cooling paid by the tenants. Tenants are easy to find here and rents are subject to the City of Takoma Park Rent Stabilization Agreement. Contact agent for financial details. Each unit has gas cooking, good closet space, and big bright windows. Owner pays water/sewer and gas hot water bills. There are 5 electric and 5 gas meters. These apartments each have their own character with mostly large windows that flood you with light, wood floors (tile in basement unit), and the upper-level unit has two adorable balconies at front and rear with the latter having a view of the creek way below. The basement has a bonus huge enclosed porch that could be used for a great Art Studio that is outside of the unit. Heating and cooling are provided by 9 heat pumps built into the walls. This is a block of multi-family and single family homes and some of the latter have sold close to the million dollar range. It's a short stroll down the hill to an entrance to the park with miles of trails. Tenants love the location and it's so easy to reach commuter buses on Carroll and Flower, or at New Hampshire Avene. The property was inspected in 2018 by Montgomery County and found to have no violations. It's vacant so you can owner occupy some units and/or pick your preferred tenant group. Unit 1 has been an owner unit and is not currently licensed with the county while the others are. There's parking for 4 cars out front with additional street parking. It's a short ride to downtown Takoma Park's restaurants and shops and the Metro Station. The sale is subject to City and County first rights of refusal. Contact agent for details! Hurry over to this unusual find!More details and floorplan @www.7304FlowerAve.comProperty Taxes: 2019 $8, 117.46Lot Size: 7, 669 square feetZoning Code: R20 Multi-FamilyIn Takoma Park Elementary, Middle School DistrictsIn Montgomery Blair High School DistrictTenants Pay Electric and Gas.Owner Pays Water/Sewer and Hot Water.Coin operated Washer/Dryer Conveys with Property.Stroll to Sligo Park w/miles of Trails!Period front porch and Bungalow Style!2 balconies in upper unit!Creek view from upper level!Thermal Windows.

Features

  • Property Type: Multi Family Home
  • Sub Type: Quadruplex, Detached
  • Listing Status: Active Under Contract
  • County/Area: Montgomery County
  • Zip Code: 20912
  • Year Built: 1907
  • School District: Montgomery County Public Schools
  • Elementary School: Takoma Park
  • Middle School: Takoma Park
  • High School: Montgomery Blair
  • Lot Size: 7841 sq ft lot
  • Zoning: R20
  • Above Grade Fin SQFT Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Annual Rental Income: $42000.00
  • Appliances: Refrigerator, Oven/Range - Gas, Stove
  • Below Grade Fin SQFT Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Below Grade Unfin Area Units: Square Feet
  • Below Grade Unfin SQFT Source: Assessor
  • Building Level Count: 3
  • Building Units Total: 4
  • Cap Rate: 4.13
  • Construction Materials: Vinyl Siding, Wood Siding
  • Cooling: Electric
  • Cooling Type: Heat Pump(s)
  • Directions: From Metro, North on Carroll Avenue, Right at Flower around the bend to the house on the right
  • Door Features: Storm
  • Exterior Features: Exterior Lighting, Sidewalks, Street Lights
  • Flooring Type: Hardwood, Tile/Brick, Wood
  • Foundation Details: Block
  • Gross Income: $42000.00
  • Gross Scheduled Income: 42000.00
  • Heating: Electric
  • Heating Type: Heat Pump(s)
  • Heating Y/N: Yes
  • Hot Water: Electric
  • Improvements: Above Grade, Below Grade
  • Interior Features: Entry Level Bedroom, Kitchen - Galley, Kitchen - Table Space, Wood Floors
  • Land Use Code: 003
  • Lot SQFT: 7,669
  • Lot Size Source: Plat Map/Survey
  • Lot Size Units: Square Feet
  • Municipal Trash Y/N: Yes
  • Municipality: Takoma Park
  • Net Operating Income: 21712.00
  • Number Of Units Vacant: 4
  • One Bedroom Units Count: 4
  • Operating Expense Includes: Snow Removal, Advertising, Insurance, Trash
  • Outdoor Living Structures: Porch(es), Balconies- Multiple
  • Owner Pays: Accounting/Legal, Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Lawn/Shrub Care, Management, Repairs, Sewer, Snow Removal, Sewer Maintenance, Taxes - Real Estate, Trash Collection, Water
  • Ownership Interest: Fee Simple
  • Parking Features: Paved Parking
  • Photo Option: Lister Will Upload All
  • Property Condition: As-is Condition, Shows Well
  • Rent Control Y/N: Yes
  • Road Responsibility: City/County
  • Roof: Asphalt
  • Room Count: 12
  • SchoolDistrictSource: Listing Agent
  • Selling Agent: Stacey D Styslinger
  • Selling Office: Long & Foster Real Estate, Inc.
  • Sewer Septic: Public Sewer
  • Tax Annual Amount: 7606.0
  • Tax Year: 2018
  • Total Below Grade SQFT Source: Assessor
  • Total Finished SQFT Source: Assessor
  • Total SQFT Source: Assessor
  • Trash Expense: 4.00
  • Type Of Parking: Parking Lot, Off Street
  • Units Leased Count: 4
  • Utilities: Cable TV Available, DSL Available, Electric Available, Natural Gas Available, Multiple Phone Lines, Sewer Available, Water Available
  • Wall & Ceiling Types: Dry Wall, Plaster Walls
  • Water Avg / Month: 53.75
  • Water Previous 12 Months: 645.00
  • Water Source: Public
  • Window Features: Double Pane
  • Year Built Source: Owner
  • Zoning Description: Multi-Family
Courtesy of Long & Foster Real Estate, Inc.

Dan Metcalf | 301-830-1221 | Contact Me
Meg Finn | 
301-602-5810

Finn Family Group - One Columbia Ave - Takoma Park, MD 20912 | 301-270-7026
Long & Foster's #1 Team, Montgomery County 2016!
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