$6,000,000.00
4603 COLLEGE
11000.00 Sq. Ft.
List Date : 2021-02-01
MLS# : B MDPG595466
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
FEATURES
- Construction: Block,Brick
- County: PRINCE GEORGES
- Parking: Paved Parking,Private
- Roof Type: Asphalt,Pitched,Shingle
- Tax Amount: $7,668.00
- Tax Year: 2021
- Utilities: Cable TV,Electric Available,Natural Gas Available,Phone Available
- Waterfront: N
This listing is courtesy of Richman Real Estate & Development, LLC