If you are a forward thinking investor looking for an instant cash flow asset with the long term vision to expand in an ever disappearing property class, this is the property for you! 3 unit Triplex, 11,000 square foot lot and $91,200 in gross income. 746 Thayer, blends historic charm with modern updates just steps to the Metro, shops, and restaurants, boasting a 96 Walk Score. All 3 units are registered rentals with Montgomery County and are fully occupied with strong tenant retention, reflecting consistent management and care. The main level (Unit 1) features 3 bedrooms and 2 baths with a bay window, arched doorways, coved ceilings, a restored original fireplace, hardwood floors, and a sunroom. Unit 2 the upstairs loft, offers 3 bedrooms and 1 bath, while Unit 3 on the lower level provides a 1-bedroom, 1-bath layout. The options are endless, just like the massive lot, live in one unit while the others generate income to offset your mortgage, or continue to lease all three for strong cash flow and long-term ROI or exercise a 1031 exchange for a true turnkey operational asset ready to go. The property includes parking for up to five vehicles and sits on a deep 11,000 sq ft lot with potential for an ADU or future expansion. Opportunities like this combining scale, location, stability, and upside are exceptionally rare. Act quickly.
Welcome to 1 Southview Court, an exceptional property offering remarkable flexibility with a luxurious main residence and connected two-story guest home ideal as a private in-law suite or potential short-term rental. Designed for both comfortable everyday living and memorable entertaining, the home is complemented by resort-style outdoor amenities including an in-ground pool, multiple decks and patios, and inviting gathering spaces throughout. Inside the main residence, rich bamboo flooring, crown moldings, and abundant natural light create a warm and welcoming atmosphere. The living and dining rooms feature a decorative accent display wall that adds character and style to the space. The eat-in kitchen is thoughtfully designed with gleaming porcelain tile flooring, granite countertops, an expansive breakfast bar, sleek stainless steel appliances, and a convenient microwave nook. The main-level primary bedroom offers a private retreat with a walk-in closet and en-suite full bath, while a second suite also features its own en-suite bath and access to a covered side deck overlooking the pool perfect for morning coffee or evening relaxation. A powder room and an attached garage, currently configured as an additional living area, complete the main level. The lower level of the main home expands the living space with a comfortable family room anchored by a cozy wood-burning fireplace flanked by built-in shelving, porcelain woodgrain tile flooring, and direct access to the pool and patio. A third bedroom, full bath, laundry room, and bonus room provide additional flexibility for guests, hobbies, or workspace. The connected guest home offers its own private entrance and an impressive layout beginning with a dramatic two-story foyer. The upper level hosts a spacious living room with views of the pool, along with an elegant en-suite bedroom featuring balcony access, custom closets, and a luxurious en-suite full bath. The lower level showcases a stunning kitchen equipped with a waterfall center island with breakfast bar, decorative backsplash, stainless steel appliances, a track door leading to a walk-in pantry, and a casual dining area highlighted by a charming bay window. This level also includes an additional bedroom, bonus room, full bath, and direct access to the pool and patio. Outdoor living is equally impressive, featuring a sparkling in-ground pool, expansive patios and decks, covered seating areas, a bar area for entertaining, a side pergola, secure storage, a fenced backyard, and a welcoming covered front porch. With its unique layout, flexible living options, and resort-like outdoor spaces, 1 Southview Court offers a truly special place to call home.
OWNER JUST RENOVATED BASEMENT TO TURN THE RENTAL UNIT THERE INTO A 2/2/ APARTMENT. Investors and Owner Occupants: Turnkey operation. IMPORTANT: Regarding licensing. Owner occupants do not have to license the two units they are renting, regardless of which two. If you are an investor and do not plan to live in the house, you may license any two of the three units but zoning is for two units only. The most lucrative arrangement would be to open the hall in the basement and rent out the entire basement as a 2BR, 2 bath apartment with a private entrance and open the DR to studio on the first floor and rent the main level as a 4 BR, 2 bath home so you could get more for each of the two units. You also have a storage shed that could be leased to a self employed contractor or other entrepreneur that needs storage for goods, materials, etc. One studio is rented, the other is available as is the main house if you want to live in one of them. Studios rent for over $1100 apiece and main house would rent for high $2000's or low $3000's. Agent will rent one of apartments as part of the deal if you wish. Two studio apartments opening to deck in backyard provide over $2000 of rental income each month. Owner built a balcony with French doors to dining room of main house and the rear deck is large enough to host parties of 50+ people. Behind the deck in the back yard you have a cabana with a fireplace for chilly summer nights and fall get-togethers. Inside, the master has two walk-in closets, an electric fireplace and room for a king sized bed and office (two rooms were combined to make the sumptuous master). Upstairs there are two linen closets and the bathroom is black and white ceramic tile with a dramatic black tile floor. On the first floor, the kitchen was renovated during 2020-2021 with granite, stainless steel and lots of ceramic and upgraded cabinets. The living room, dining room and kitchen are open concept for entertaining groups. Shining blonde hardwood was installed throughout the first floor in 2010 replacing the original damaged hardwood floors. Around 2012, the unfinished basement was finished to provide a snack bar in the bedroom area (2 bedrooms, one with a walk in closet) and a full bath with a ceramic shower stall was installed. The rear portion of the basement was used to create a studio apartment with a bedroom and bath. The back of the first floor was partitioned off to create another studio apartment with a bedroom, full bath with a ceramic shower and a kitchenette. There are so many thoughtful touches in this home: decorative built-in shelving along the ceilings for pictures, CDs and DVDs, wine glass holder above the snack bar downstairs, exterior lighting along the brick walkway at the side of the house, wrought iron gate for security (to the back yard and apartments), producing apple tree in the front yard, long stick-built shed in the back yard for tool storage. No deferred maintenance here! Studios remodeled 2 years ago, 2012 master bedroom renovated, hot water heater is 3 years old, furnace is 4 years old, pitched roof is 2 years old (architectural shingles not the flat roof, kitchen renovated during COVID, Entire home has 3100 sq. feet of living space according to County inspectors. Come and see if this works for your new home in Silver Spring. And easy walk to bus stop, long walk but doable to both Glenmont and Wheaton metro stations. Just a few blocks from the Wheaton HS and Vocational School. Although the home is in great condition, the owner is selling AS IS because he has moved out of town. Freshly painted, wall repair done. Radon inspection was done and passed. WBI inspection was done and no WBIs were found. Home is is great shape but will be sold AS IS.
Silver Spring is located in Maryland. Silver Spring, Maryland has a population of 82,472. Silver Spring is less family-centric than the surrounding county with 36.4% of the households containing married families with children. The county average for households married with children is 37.16%.
The median household income in Silver Spring, Maryland is $91,970. 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 Silver Spring is 34.5 years.
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 24.9 degrees. The average rainfall is approximately 44.3 inches per year, with 14.1 inches of snow per year.
