ONLINE AUCTION: Bidding begins 2/19/2025 @ 10:00 AM. Bidding ends 2/21/2025 @ 11:00 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. Here is your chance to own a Great 3-unit multi-family. Long time tenants. The ground floor unit has 2 bedrooms and one bath and is now vacant.. Perfect for owner occupant to live in lower unit and have tenants pay your rent. Market rates for 2 bedroom lower level units likely $1450 a month. The middle unit has 2 bedrooms, and one bath (current rent $1395). The top floor has1 bedroom, 1 bath (current rent 1025). 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.
Takoma Park is located in Maryland. Takoma Park, Maryland has a population of 17,610. Takoma Park is more family-centric than the surrounding county with 42.33% 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 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 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.
