7208 Bowdoin Ave - College Park Multi
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7208 Bowdoin Ave - College Park Multi
5 Unit Apartment Building Offered at $770,000 in College Park, MD 20740
Investment Highlights
- Great Location- Close to Metro
- On-site Parking
Executive Summary
Unique Opportunity. 5 Separately contained units within a single family structure. Property use is legal, as only 1 unit has a stove, with the other 4 units having no stove. Two 1 bedroom units. Two normal sized studio units. 1 large studio unit. Licensed and inspected by the City of College Park. Only 300 feet from the metro. All utilities billed back to the tenants. Landlord only pays taxes and insurance. Currently monthly rent of $5741 can easily be pushed to $7,000-$7500 a month.
Under market tenants currently being vacated. New owner can fill with market rate tenants.
Under market tenants currently being vacated. New owner can fill with market rate tenants.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$68,892
|
$27.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$68,892
|
$27.56
|
| Taxes |
$6,616
|
$2.65
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,616
|
$2.65
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $68,892 |
| Annual Per SF | $27.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $68,892 |
| Annual Per SF | $27.56 |
| Taxes | |
|---|---|
| Annual | $6,616 |
| Annual Per SF | $2.65 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $6,616 |
| Annual Per SF | $2.65 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $770,000 | Lot Size | 0.18 AC |
| Price Per Unit | $154,000 | Building Size | 2,500 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1900/2005 |
| Price | $770,000 |
| Price Per Unit | $154,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Lot Size | 0.18 AC |
| Building Size | 2,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built/Renovated | 1900/2005 |
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Bike Score ®
Very Bikeable (87)
zoning
| Zoning Code | RSF65 (Zoned single family. Use is legal, licensed and inspected by city of College Park.) |
| RSF65 (Zoned single family. Use is legal, licensed and inspected by city of College Park.) |
-
Russell Brazil -
RLAH @properties
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7208 Bowdoin Ave - College Park Multi
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