Address
4603 College Avenue College Park, MD
Price
$ 6,000,000
Property Attributes
  • MLS#MDPG595466
  • TypeCommercial
  • CountyPRINCE GEORGES
  • CityCollege Park
  • Zip20740
  • Style
  • Taxes$ 7668
  • Price$ 6,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10000
  • Lot Size10,890 SqFt
Listing Provided Courtesy Of:
Richman Real Estate & Development, LLC
Data Source:
Bright MLS
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

Price History
2/1/2021 Listed $6,000,000

General Features

Acceptable Financing Cash
Accessibility None
Business Type Other
Construction Materials Block, Brick
Cool Fuel Electric
Cooling Central A/C, Heat Pump(s)
County PRINCE GEORGES
Days on Market 140
Electric 200+ Amp Service, 220 Volts, 3 Phases, Circuit Breakers
Flooring Hardwood
Heating Central, Heat Pump - Gas BackUp
Legal Subdivision COLLEGE PARK-
Municipality College Park
New Construction No
Ownership Fee Simple
Parking Features Paved Parking, Private
Possession Coin w/Sell Sett
Price Per Sq Ft 600.0
Property SubType Special Purpose
Property Type Commercial Sale
Property Use Investment
PropertyCondition Very Good
Roof Asphalt, Pitched, Shingle
Security Features 24 hour security, Electric Alarm, Security System, Smoke Detector, Sprinkler System - Indoor
Sewer Public Sewer
Tax Annual Amount 7668.0
Tax Lot 2
Tax Year 2021
Utilities Cable TV, Electric Available, Natural Gas Available, Phone Available
Vacation Rental Y/N No
Water Access Y/N No
Zoning R18

Interior Features

Central Air Y/N Yes
Heating Fuel None
Heating Y/N Yes
Hot Water 60+ Gallon Tank, Natural Gas
Total Restrooms 6

Exterior Features

Building Area Total 10000.00
Car Parking Spaces 6
Foundation Details Block
Lot Features Corner, Front Yard, Level, Trees/Wooded, Road Frontage
Lot Size Acres 0.25
Lot Size Source Assessor
Lot Size Square Feet 11000.00
Navigable Water Y/N No
Total Parking Spaces 6
Type of Parking Parking Lot, On Street
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 20740

Price
AVG $910K
$6M
Taxes
AVG $6,796
$7,668
Visits
AVG 170
148
Walkscore
AVG 71
66
Data Provided by Walkscore ® not using MLS data

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