NOT LISTED FOR SALE
Studio
-- Bath
5,772 Sq Ft
3,000 Sq Ft Lot

Sale Details

Date Sold: August 23, 2024

Last sale price $550,000 $95 Per Sq Ft

About This Home

As of August 2024

### Remodeled 8-Unit Apartment Building - High Income Potential

Seize a prime investment opportunity with this fully remodeled 8-unit apartment building, designed to generate substantial income with the potential for future rent increases. Each unit is equipped with separate electric meters and modern amenities, including baseboard heating, individual A/C units, and laminate flooring. The updated kitchens and bathrooms, along with a newer roof, enhance the property's appeal. With low owner expenses—tenants cover their electric bills—this property is a valuable addition to your portfolio. Showings require at least 48 hours' notice.

Last Agent to Sell the Property

Roberto Gonzalez

(240) 203-6393 roberto@rgrealtyinc.com RG Realty, Inc. License #598229 Listed on: 06/22/2024

Last Buyer's Agent

Unrepresented

datacorrect@brightmls.com Unrepresented

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,665

Year Built

  • Built in 1957

Lot Details

  • 3,000 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 5,772 Sq Ft Home
  • Frame Construction

Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 2225024451

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,665

Year Built

Built in 1957

Lot Details

3,000 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1957
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full
  • Total Sq Ft: 5772
  • Living Area Sq Ft: 5772
  • Price Per Sq Ft: 116.94
  • Above Grade Finished Sq Ft: 5772
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3000.00
  • Zoning: CCMU
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4665.00
  • Assessor Parcel Number: 2225024451
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: WASHINGTON COUNTY PUBLIC SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2024
Closed on
Oct 9, 2024
Sold by
Bought by
Seller's Agent
Roberto Gonzalez
RG Realty, Inc.
Buyer's Agent
Unrepresented
Unrepresented
List Price
$675,000
Sold Price
$550,000
Premium/Discount to List
-$125,000
-18.52%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$431,385
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2013
Sold by
Bought by

Purchase Details

Closed on
Sep 14, 2010
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 2004
Sold by
Bought by

Purchase Details

Closed on
Jan 12, 2004
Sold by
Bought by

Purchase Details

Closed on
May 16, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 28, 1996
Sold by
Bought by

Purchase Details

Closed on
Nov 13, 1995
Sold by
Bought by

Purchase Details

Closed on
Nov 29, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 Premiere Settlement & Title
$240,000 None Available
$120,000 --
$290,000 --
$325,000 --
$225,000 --
-- --
$8,300 --
$32,000 --
$125,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $440,000
Previous Owner $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/23/2024 08/23/24 Sold $550,000 -18.5% $95 / Sq Ft
06/22/2024 06/22/24 For Sale $675,000 -- $117 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $2,220 $364,567 $0 $0
2025 $2,220 $243,700 $50,000 $193,700
2024 $2,219 $243,533 $0 $0
2023 $2,227 $243,367 $0 $0
2022 $2,216 $243,200 $50,000 $193,200
2021 $2,510 $243,200 $50,000 $193,200
2020 $2,264 $243,200 $50,000 $193,200
2019 $2,294 $245,300 $50,000 $195,300
2018 $2,243 $239,900 $0 $0
2017 $2,193 $234,500 $0 $0
2016 -- $229,100 $0 $0
2015 $5,049 $217,033 $0 $0
2014 $5,049 $204,967 $0 $0
Source: Public Records

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Map

Source: Bright MLS

MLS Number: MDWA2022756

Bright MLS

APN: 25-024451

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