Address
4603 College Avenue College Park, MD
Price
$ 6,000,000
Property Attributes
- MLS#MDPG595466
- TypeCommercial
- CountyPRINCE GEORGES
- CityCollege Park
- Zip20740
- Style
- Taxes7668
- Price$ 6,000,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10000
- Lot Size10,890 SqFt
Listing Provided Courtesy Of:
Richman Real Estate & Development, LLC
Data Source:
Bright MLS
Property Description
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
| Price History | |
|---|---|
| 2/1/2021 | Listed $6,000,000 |
General Features
| Acceptable Financing | Cash |
|---|---|
| Accessibility | None |
| Business Type | Other |
| Construction Materials | Block, Brick |
| Cool Fuel | Electric |
| Cooling | Central A/C, Heat Pump(s) |
| County | PRINCE GEORGES |
| Days on Market | 77 |
| Electric | 200+ Amp Service, 220 Volts, 3 Phases, Circuit Breakers |
| Flooring | Hardwood |
| Heating | Central, Heat Pump - Gas BackUp |
| Legal Subdivision | COLLEGE PARK- |
| New Construction | No |
| Ownership | Fee Simple |
| Parking Features | Paved Parking, Private |
| Possession | Coin w/Sell Sett |
| Price Per Sq Ft | 600.0 |
| Property SubType | Special Purpose |
| Property Type | Commercial Sale |
| Property Use | Investment |
| PropertyCondition | Very Good |
| Roof | Asphalt, Pitched, Shingle |
| Security Features | 24 hour security, Electric Alarm, Security System, Smoke Detector, Sprinkler System - Indoor |
| Sewer | Public Sewer |
| Tax Annual Amount | 7668.0 |
| Tax Lot | 2 |
| Tax Year | 2021 |
| Utilities | Cable TV, Electric Available, Natural Gas Available, Phone Available |
| Vacation Rental Y/N | No |
| Water Access Y/N | No |
| Zoning | R18 |
Interior Features
| Central Air Y/N | Yes |
|---|---|
| Heating Fuel | None |
| Heating Y/N | Yes |
| Hot Water | 60+ Gallon Tank, Natural Gas |
| Total Restrooms | 6 |
Exterior Features
| Building Area Total | 10000.00 |
|---|---|
| Car Parking Spaces | 6 |
| Foundation Details | Block |
| Lot Features | Corner, Front Yard, Level, Trees/Wooded, Road Frontage |
| Lot Size Acres | 0.25 |
| Lot Size Source | Assessor |
| Lot Size Square Feet | 11000.00 |
| Navigable Water Y/N | No |
| Total Parking Spaces | 6 |
| Type of Parking | Parking Lot, On Street |
| Water Oriented Y/N | No |
| Water Source | Public |
| Water View Y/N | No |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 20740
Price
Taxes
Visits
Walkscore
© BRIGHT, All Rights Reserved
