Under contract
ACTIVE UNDER CONTRACT
20 Ritchie Ave
Silver Spring MD, 20910
$1,295,000
$179.86 per sqft
Under contract
ACTIVE UNDER CONTRACT
7,200 sqft
Commercial
Built in 1966
An excellent investment opportunity awaits with this 9-unit apartment building, located just one mile from the vibrant downtown Silver Spring area. Each of the nine units boasts a spacious layout with 3 bedrooms and 2 bathrooms, offering comfortable living spaces that appeal to a broad tenant base.
Key Features:
Unit Configuration: All units feature 3 bedrooms and 2 full bath, providing versatile space for families, professionals, or roommates.
Prime Location: Conveniently situated near shopping, dining, entertainment, and public transportation, with easy access to downtown Silver Spring ., Tacoma Park, and major commuter routes.
Separately Metered: Each unit is independently metered for electricity, ensuring utility efficiency and enabling tenants to manage their own utility costs.
Fully Occupied: The property is fully leased, providing immediate and consistent rental income.
This property represents a turnkey investment with strong rental demand. Whether you're an experienced investor or looking to expand your portfolio, this apartment building combines prime location, functionality, and stable cash flow. Don't miss the chance to own this fantastic income-producing property!
Contact us today to schedule a viewing or request additional details.
MDMC2157872
MLSⓇ ID
December 13, 2024
Listed
December 17, 2024
Updated
Map
20 Ritchie Ave
Silver Spring MD, 20910
Interior Features
Total Stories
3
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.5 Acres
Sewer
Public Sewer
Other Property Details
Area Name
City of Takoma Park
Taxes
$19,831
Tax Frequency
Annually
Days on Market
4
Garage
No
Parking Total
20
View
No
County
MONTGOMERY
Water Source
Public
Pool
No
Zoning
County Use Code 113
Listing History
Date | Event | Price |
---|---|---|
12/17/2024 | Under contract | — |
Listed by EXP Realty, LLC
Listing Contact: 3017929276
The IDX display contains information sourced from the Bright MLS, Inc. as of 12/17/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 12/17/2024 at 1:48 AM UTC