« Back to results

$6,000,000.00

4603 COLLEGE

COLLEGE PARK, MD 20740

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