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    4603 College Avenue

    COLLEGE PARK, MD 20740
    • $6,000,000
    • STATUS: Active
    • ON SITE: 105 days
    • ID#: MDPG595466
    UPDATED: 41 min ago
    $6,000,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    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

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices McNelis Group Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-18T21:52:09.537.
    www.southernmaryland.realestate/homes/113822285
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    4603 College Avenue COLLEGE PARK, MD 20740

    • Price: $6,000,000
    • Status: Active
    • Updated: 41 min ago
    • ID#: MDPG595466
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    County:
    Prince Georges
    School District:
    Prince George's County Public Schools
    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
    Exterior Features

    Construction Materials BlockBrick Garage YN No Lot Features CornerFront YardLevelTrees/WoodedRoad Frontage Parking Features Paved ParkingPrivate Parking Types Parking LotOn Street Property Condition Very Good Riparian Rights YN No Roof AsphaltPitchedShingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 10000.00 Cooling Central A/CHeat Pump(S) Flooring Hardwood Heating CentralHeat Pump - Gas Backup Heating YN Yes Net Square Feet 10000.00 Security Features 24 Hour SecurityElectric AlarmSecurity SystemSmoke DetectorSprinkler System - Indoor

    Property Features

    Acceptable Financing Cash Accessibility Features None Assessment Year 2021 Association YN No Business Type Other Central Air YN Yes Cooling Fuel Electric Electric 200+ Amp Service220 Volts3 PhasesCircuit Breakers Foundation Details Block Heating Fuel None Hot Water 60+ Gallon TankNatural Gas Incorporated City Name College Park Internet Services CableFiber Optic Navigable Water YN N New Construction YN No Operating Expense Includes ElectricHeating/CoolingInsuranceLandscapingManagement FeesParkingPest ControlRepair/MaintenanceSewerSnow RemovalTrashWater Original MLSNumber 304463353747 Owner Pays All UtilitiesInsuranceLawn/Shrub CareParking FeePest ControlServices (All)SewerSnow RemovalTaxes - Personal PropertyTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Coin W/Sell Sett Property Sub Type Special Purpose Sale Type Standard Sewer Public Sewer Tax Annual Amount 7668.00 Tax Assessment Amount 443000.00 Tax Lot 2 Transportation Bus Stop Less Than 1 MileMetro/Subway Station Less Than 1 MileCommuter Lots Less Than 5 MilesCommuter Rail Station Less Than 1 Mile Utilities Cable TvElectric AvailableNatural Gas AvailablePhone Available Vacation Rental YN No Water Source Public Zoning R18

    Listing courtesy of Richman Real Estate & Development, Llc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices McNelis Group Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-05-18T21:52:09.537.
     
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