1007 E University Blvd - Apartments FOR SALE


Takoma Park, MD 20903
$1,425,000 USD
301-793-8901
1007 E University Blvd, Takoma Park, MD for Sale
$1,425,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1007 E University Blvd
Takoma Park, MD 20903


HIGHLIGHTS

  • Commercially Zoned and Ideal for owner user or redevelopment.
  • 1 block from Purple Line Metro
  • Below market price and very rare opportunity!

OVERVIEW

1007 University Blvd. - This is a 4 unit apartment building fully leased out, BUT this is a COMMERCIALLY ZONED PROPERTY that can be used for office, retail, medical or other uses once the current lease expires. The property is under a Master Lease through November 30, 2026, but at that time the site can be converted to any commercial use without restriction. This is the perfect OWNER/USER purchase at a steep discounted price. The Purple Line Metro Station will be across the street 1 block away. See the full marketing package and call with any questions or to tour.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$415 USD /SF

# OF UNITS

4

PRICE/UNIT

$356,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,200 SF

ZONING

CRT

APN/PARCEL ID

13-03170314

ASK ABOUT THIS PROPERTY

Larry RosenCommercial & Investment Realty Associates, LLCMore Info
301-793-8901

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Larry RosenCommercial & Investment Realty Associates, LLCMore Info
301-793-8901

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.