20 RITCHIE AVE Under Contract Save Request In-Person Tour Request Virtual Tour
Silver Spring,MD 20910
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $179
MLS Listing ID MDMC2157872
Originating Board BRIGHT
Year Built 1966
Annual Tax Amount $19,831
Tax Year 2024
Lot Size 0.496 Acres
Acres 0.5
Property Description
An excellent investment opportunity awaits with this 9-unit apartment building, located just one mile from the vibrant downtown Silver Spring area. Each of the nine units boasts a spacious layout with 3 bedrooms and 2 bathrooms, offering comfortable living spaces that appeal to a broad tenant base.
Key Features:
Unit Configuration: All units feature 3 bedrooms and 2 full bath, providing versatile space for families, professionals, or roommates.
Prime Location: Conveniently situated near shopping, dining, entertainment, and public transportation, with easy access to downtown Silver Spring ., Tacoma Park, and major commuter routes.
Separately Metered: Each unit is independently metered for electricity, ensuring utility efficiency and enabling tenants to manage their own utility costs.
Fully Occupied: The property is fully leased, providing immediate and consistent rental income.
This property represents a turnkey investment with strong rental demand. Whether you're an experienced investor or looking to expand your portfolio, this apartment building combines prime location, functionality, and stable cash flow. Don't miss the chance to own this fantastic income-producing property!
Contact us today to schedule a viewing or request additional details.
Location
State MD
County Montgomery
Zoning R30
Interior
Hot Water Electric
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 20.0
Water Access N
Accessibility None
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Montgomery Blair
School District Montgomery County Public Schools
Others
Tax ID 161301063707
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard