ONLINE AUCTION: Bidding begins 1/7/2025 @ 10:00 AM. Bidding ends 1/9/2025 @ 11:10 AM. List Price is Suggested Opening Bid. Deposit: $50,000. ATTENTION INVESTORS! Rarely available multi-unit building in the Takoma Park area of Montgomery County—just minutes from D.C. Only a little over 1 mile from Red Line station Takoma Park. This prime location at 7427 Carroll Ave features separately metered gas and electric, and a carport with additional parking pad in the rear. Nearby are Washington Adventist University, and Sligo Creek Park, while the Langley Park Shopping Center offers a variety of dining and retail options. Major traffic arteries include Carroll Avenue (MD-195), New Hampshire Avenue (MD-650), and East-West Highway (MD-410).
OUTSIDE OF INCORPORATED TAKOMA PARK LIMITS. Opportunity knocks. Great 3-unit multi-family. Monthly rental income of $3715. Long time tenants. The ground floor unit has 2 bedrooms and one bath. The middle unit has 2 bedrooms, and one bath. The top floor has1 bedroom, 1 bath. Great pickup for investor or starter investor, or someone who wants to live in one unit and collect income from tenants. Solid brick construction, wood flooring, and replacement windows. Lead Safe Certificates for all units. Ample on-site parking. Steps to creek and Long Branch Trail, Takoma Academy, Washington Adventist University and more. Tenant occupied. Listing Agent must accompany on all showings.
Investor’s Dream!!! Single family home with a private efficiency apartment in the lower level—rent it out to help pay the bills! This traditional circa 1940’s colonial has been updated for modern living, with a full-length family room addition on the main level and a master bedroom suite addition on the upper level(complete with full bath and spacious walk-in closets). Three more bedrooms and a full bath on the upper level are part of the original structure. The full-size attic is easily accessed via a pull-down ladder. The main level includes a living room entrance with wood-burning fireplace and an adjoining sunroom that makes an ideal home office (the house is wired throughout with high speed internet). This welcoming space opens to the brand-new kitchen/dining area—new cabinets with soft close doors and drawers, quartz counters, LG appliances, flooring, and lighting. Go out the back door to enjoy an ample shaded deck made of easy-care composite materials—plenty of room for a barbecue. Enjoy the “rewilded” backyard from a comfortable distance. Tuck the lawn mower under the deck or stow it in the locked space beneath the sunroom. Plenty of room for a kayak or two. A separate lockable garden shed can hold bikes or other sporting equipment. The efficiency apartment in the lower level has its own entrance and includes a proper egress window and full kitchen along with access to the common area laundry. Potential uses may be rental income, a home office or space for visiting guests/family. The house is locate just a few steps away from bus routes 17, 18, & 25 (maps in documents) which take you through Takoma Park to the Takoma and Silver Spring Metro Stations as well as the SS MARC. Once completed, the Purple Line is a few short blocks away. The town of Takoma Park features wonderful restaurants, entertainment, shopping, music, and culture. Moreover your kids will thrive in the academic excellence of the highly rated, local public schools.
The median home value in Takoma Park, MD is $667,000. This is higher than the county median home value of $556,100. The national median home value is $338,100. The average price of homes sold in Takoma Park, MD is $667,000. Approximately 48.29% of Takoma Park homes are owned, compared to 47.87% rented, while 3.84% are vacant. Takoma Park real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Takoma Park real estate agent to arrange a tour today!
Takoma Park, Maryland 20912 has a population of 17,610. Takoma Park 20912 is more family-centric than the surrounding county with 40.78% of the households containing married families with children. The county average for households married with children is 37.16%.
The median household income in Takoma Park, Maryland 20912 is $86,644. The median household income for the surrounding county is $117,345 compared to the national median of $69,021. The median age of people living in Takoma Park 20912 is 40.1 years.
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 25.1 degrees. The average rainfall is approximately 43.7 inches per year, with 13.1 inches of snow per year.