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310 Caroline Ave
La Plata, MD 20646
Caroline Apartments · Multifamily Property For Sale
·
52 Units
PROPERTY FACTS
| No. Units | 52 | Building Size | 51,576 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1966/2014 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Lot Size | 2.67 AC | ||
| Zoning | R10 - Residential Zone | ||
| No. Units | 52 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.67 AC |
| Building Size | 51,576 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built/Renovated | 1966/2014 |
| Parking Ratio | 1.07/1,000 SF |
| Zoning | R10 - Residential Zone |
AMENITIES
UNIT AMENITIES
- Balcony
- Storage Space
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Walk-Up
- Smoke Detector
ABOUT 310 CAROLINE AVE , LA PLATA, MD 20646
Caroline Apartments represent an opportunity to acquire a 52 unit garden apartment complex located in La Plata, Maryland. The complex is located 22 miles from the Capital Beltway (I-495) and 30 miles south of Washington, DC. Caroline Apartments was recently renovated (2014) to include all new windows and exterior doors, updated common areas and hallways, reinforced balconies, as well as many in unit renovations. Individual unit renovations included updated kitchens and bathrooms, the addition of laminate flooring, and restored cabinetry. 38 of the 52 units have been updated in some fashion. Tenant amenities include storage lockers, common area laundry, private parking lot, an balconies outside of each unit. Each unit also has central heating and air. Separately metered for electric. Unit mix consists of [15] 1 Bd-1 Ba units, [4] 1 Bd-1Ba and Den units, [25] 2 Bd-1 Ba units, as well as [8] 3 Bd-1.5 Ba units. Average rent of $992.31. Value add opportunity to update the 14 un-renovated units and raise rents 10-20-%. The building has maintained a historic occupancy level at or above 95%. Rare multifamily opportunity in downtown La Plata.
PROPERTY TAXES
| Parcel Number | 01-002074 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,524,967 |
PROPERTY TAXES
