4603 College Ave

Estimated Monthly Payment: $28,000/mo 4603 College Ave, College Park, MD 20740 MLS# MDPG595466 Commercial Sale Listing Status: Active
133
32
0
0

REMARKS:

Rare opportunity to own a free standing student housing property in College Park within walking distance to the U of MD. Property consists of 24 "units" with a maximum of 40 beds. Currently leased to the Maryland Gamma Corporation ( Phi Kappa Psi) thru May 31, 2021. The TEP organization ( Tau Epsilon Phi Housing Corporation, LTD) will lease the property from June 2021- May 2022 with one renewal option. Property has been very well maintained. 2019 rental income over $383,000. Renovated in 2005, 2013, 2016, 2018. HVAC approximately 7 years old, roof approx. 5 years old

OVERVIEW:

Commercial Sale
Active
BRIGHT
College Park
0.25
11000
Block
Asphalt,Pitched,Shingle
Paved Parking,Private
Central,Heat Pump - Gas BackUp
None
Central A/C,Heat Pump(s)
Public
Public Sewer
Cable TV,Electric Available,Natural Gas Available,Phone Available

FEATURES:

24 hour security,Electric Alarm,Security System,Smoke Detector,Sprinkler System - Indoor
Hardwood

FINANCIAL:

6000000
7668
7668

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Richman Real Estate & Development, LLC

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Capitol Properties shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

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