Under contract

ACTIVE UNDER CONTRACT

20 Ritchie Ave

Silver Spring MD, 20910

$1,295,000


$179.86 per sqft

Under contract

ACTIVE UNDER CONTRACT

7,200 sqft

Commercial

Built in 1966

An excellent investment opportunity awaits with this 9-unit apartment building, located just one mile from the vibrant downtown Silver Spring area. Each of the nine units boasts a spacious layout with 3 bedrooms and 2 bathrooms, offering comfortable living spaces that appeal to a broad tenant base.

Key Features:

Unit Configuration: All units feature 3 bedrooms and 2 full bath, providing versatile space for families, professionals, or roommates.

Prime Location: Conveniently situated near shopping, dining, entertainment, and public transportation, with easy access to downtown Silver Spring ., Tacoma Park, and major commuter routes.

Separately Metered: Each unit is independently metered for electricity, ensuring utility efficiency and enabling tenants to manage their own utility costs.

Fully Occupied: The property is fully leased, providing immediate and consistent rental income.
This property represents a turnkey investment with strong rental demand. Whether you're an experienced investor or looking to expand your portfolio, this apartment building combines prime location, functionality, and stable cash flow. Don't miss the chance to own this fantastic income-producing property!

Contact us today to schedule a viewing or request additional details.

MDMC2157872

MLS ID

December 13, 2024

Listed

December 17, 2024

Updated

Map

20 Ritchie Ave
Silver Spring MD, 20910

Interior Features

Total Stories

3


Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Size

0.5 Acres


Sewer

Public Sewer

Other Property Details

Area Name

City of Takoma Park


Taxes

$19,831


Tax Frequency

Annually


Days on Market

4


Garage

No


Parking Total

20


View

No


County

MONTGOMERY


Water Source

Public


Pool

No


Zoning

County Use Code 113

Listing History

Date

Event

Price

12/17/2024

Under contract

Listed by EXP Realty, LLC
Listing Contact: 3017929276 

The IDX display contains information sourced from the Bright MLS, Inc. as of 12/17/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 12/17/2024 at 1:48 AM UTC

Powered byLuxury Presence