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7405 Columbia Avenue

College Park, MD 20740

– beds
– baths
5,154 sqft
10,687 sqft lot
$271 per sqft
1915 build

Don't Miss Your Chance to Own this 7 Unit, turnkey, fully leased Multifamily property in the rarely available and in demand Old Town Section of College Park, Maryland. This 3 level home is very close to the University of Maryland and is an excellent income producing property for the right investor. Great opportunity to update and add value to this property on so many levels to maximize cash flow. This fabulous property features 7 individual rental units. All units feature one bedroom and a kitchen except the basement unit which has 3 bedrooms. The 3 bedroom basement apartment has its own separate entrance. Each unit is separately metered for easy management of individual tenants. A common laundry facility is in the basement of the property and features several machines shared by all tenants. Parking is never an issue here as the property comes with a huge gravel lot that surrounds the building, plus an enclosed 2 car garage with extra storage space. The property also has 2 newer Hot Water Heaters. Property SOLD AS IS. Current Monthly Rents and Lease Expirations include: Unit 1: $1,575.00 per month, lease runs through 7/15/2024 (3 Br, 1Ba) Unit 2: $1,050.00 per month, lease runs through 7/14/2024 (1Br, 1Ba) Unit 3: $927.00 per month, lease runs through 5/31/2024 (1Br, 1Ba) Unit 4: $927.00 per month, lease runs through 5/31/2024 (1Br, 1Ba) Unit 5: $1,050.00 per month, lease runs through 7/15/2024 (1Br, 1Ba) Unit 6: $1,050.00 per month, lease runs through 7/31/2024 (1Br, 1Ba) Unit 7: $875.50 per month, lease runs through 11/30/2023 (1Br, 1Ba) Total income: $7,454.50

Listing courtesy of BRIGHT / EXP Realty, LLC

Last checked: Checking… • Last updated Apr 9, 2024 •

MLS# MDPG2089872 —

The Building

Year Built:

1915
Year Built Source:

Estimated
New Construction:

No
Construction Materials:

Combination
Structure Type:

Detached
Architectural Style:

Colonial
Building Levels:

3
Building Units Total:

4
Roof:

Composite
Accessibility Features:

None
Foundation Details:

Slab
Total SqFt Source:

Estimated
Total Below Grade SqFt:

1718
Total Below Grade SqFt Source:

Estimated

Interior

Interior Features:

Carpet, Efficiency, Floor Plan - Open, Kitchen - Table Space
Flooring Type:

Carpet
Fireplace:

No
Living Area SqFt Source:

Estimated

Room Dimensions

Total SqFt:

5154
Living Area SqFt:

5,154 Sqft

Financial & Terms

Sale Type:

Probate Listing
Possession:

Settlement, Subject to Existing Lease

Location

Directions:

see map
Latitude:

38.97914000
Longitude:

-76.92881000

The Property

Property Type:

Multi-Family
Property Sub Type:

Quadruplex
Property Condition:

Good
Lot Size Units:

Square Feet
Lot Size Acres:

0.25
Lot Size Source:

Estimated
Lot Features:

Backs to Trees
Lot SqFt:

10,687 Sqft
Zoning:

RSF65
In City Limits:

No
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Land Use Code:

M
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

17212325884
Tax Year:

2023
Tax Annual Amount:

$13,552
Tax Assessed Value:

$773,367
Year Assessed:

2023
County Tax:

7849.00
City/Town Tax:

2286.00
Total Taxes Pymnt Freq:

Annually

The Listing

Buyer's Brokerage Compensation:

2.5%
Buyer Agency Comp Type:

% Of Gross
Buyer Agency Comp Selection:

Percent

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Hot Water
Heating Fuel:

Natural Gas

Utilities

Sewer Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Appliances

Appliances:

Oven/Range - Electric, Stove

Schools

School District Name:

Prince George's County Public Schools
School District Source:

Listing Agent

The Community

Subdivision Name:

College Park
Pool:

No Pool
Association Recreation Fee:

No
Transportation:

Bus Stop less than 1 mile, Metro/Subway Station less than 1 mile

Parking

Total Garage and Parking Spaces:

18
Garage:

Yes
Garage Features:

Garage - Front Entry
Garage Spaces:

2.00
Type of Parking:

Off Site, On Street, Parking Lot, Driveway, Detached Garage
Parking Features:

Fenced, Private, Surface
# of Detached Garage Spaces:

2
Parking Lot - # of Spaces:

16

Extra Units

Other Units:

Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6,Unit 7
Vacation Rental:

No
Units Furnished:

None
One Bedroom Units:

6
Three Bedroom Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
4/9/24 Apr 9, 2024	Sold Subject To Contingencies	BRIGHT	$1,399,000
2/13/24 Feb 13, 2024	Relisted	BRIGHT	$1,399,000
1/10/24 Jan 10, 2024	Pending	BRIGHT	$1,399,000

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This multifamily located in Calvert Hills Historic District, College Park, MD 20740 is currently for sale for $1,399,000. 7405 Columbia Avenue is a 5,154 square foot multifamily with – beds and – baths. 7405 Columbia Avenue is in the Calvert Hills Historic District neighborhood of College Park and has a WalkScore® of 64, making it somewhat walkable. This multifamily is in the attendance area of Paint Branch Elementary School, Northwestern High School, and Hyattsville Middle School.

Listing Courtesy of: BRIGHT and EXP Realty, LLC.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. 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.
The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.