Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
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Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
Listing photo for 308 Patterson Ct, TAKOMA PARK, MD
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308 Patterson Ct,

TAKOMA PARK, MD $895,000

$895,000

0.23 Acre

This is 7 units (not 4) -6 x 1BR and 1 efficiency. This Brick and Stucco Tudor Style detached multifamily is in a great location on a quiet cul-de-sac next to Long Branch Park trail and yet just a block from Carroll Avenue leading to downtown Takoma Park Historic Area Restaurants and Stores one way, and Takoma/Langley future Purple Line station and shopping Mall in the other. Buses in all directions and close by Columbia Union University. This is a hot location that renters desire. Easy to rent with 6 one-bedroom units and 1 large studio; all completely self-contained with own bathrooms and kitchen. Better still it is outside of the City limits so not subject to the Rent Stabilization Law and is in fact in unincorporated Montgomery County. It features common gas hot water radiator heating; the best type that tenants love. There are two gas-fired hot water heaters, and the electric box has been upgraded to a circuit breaker. There's a separate laundry room in the basement with leased machines and rental income. There's parking for 7 cars in the rear of the property and more out front. It's a pretty lot with a grassy area and hedge in the rear with room for tenants to stroll and just 50 yards away is the Long Branch Park trail that runs in both directions for jogging/walking. All units currently rented and room for future improvements with unfinished attic space and balcony not currently in use. They were all inspected in April 2019 by Montgomery County and passed. 3 units are recently completely remodeled and the seller has spent 100K in recent improvements/repairs. 7.46% cap rate. Gutters and downspouts are new. Here is a great opportunity to get into the multi-family housing market in a pleasant location where you are able to set market rents in the future. View Tour at http://www.308pattersonct.com

Facts & Features
MLS® # MDMC667398
Price $895,000
Bathrooms 0.00
Acres 0.23
Year Built 1934
Type Multi-Family
Sub-Type Other
Style Other
Status Active
Community Information
Address 308 Patterson Ct
Subdivision TAKOMA PARK
City TAKOMA PARK
County MONTGOMERY-MD
State MD
Zip Code 20912
Amenities
Amenities Attic
Utilities Cable TV Available, Electric Available, Multiple Phone Lines, Sewer Available, Water Available
Parking Asphalt Driveway, Private, Unassigned
Is Waterfront No
Interior
Appliances Refrigerator, Stove
Heating Radiator
Cooling Window Unit(s)
Fireplace Yes
# of Fireplaces 1
# of Stories 3
Has Basement Yes
Basement Partial, Side Entrance, Walkout Stairs, Full, Windows
Exterior
Exterior Brick and Siding
Exterior Features Sidewalks, Street Lights, Exterior Lighting
Windows Double Pane
Roof Asphalt
School Information
District MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary ROLLING TERRACE
Middle SILVER SPRING INTERNATIONAL
High MONTGOMERY BLAIR
Additional Information
Zoning R10
Foreclosure No
Short Sale No
RE / Bank Owned No
Listing Details
Office Long & Foster Real Estate, Inc.
Photo of Andre Perez

Andre Perez

Office: (703) 671-1000
Cell: (703) 926-7603

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Listing information last updated on June 1st, 2020 at 7:20pm EDT.

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