Active
8602 Welbeck Way
Montgomery Village MD, 20886
$3,400,000
$3,578.95 per sqft
Active
12 Beds
950 sqft
Residential
Built in 1982
Excellent Investor Opportunity to acquire fifteen 100 percent leased scattered site condominiums in Montgomery Village. This unique Montgomery County portfolio offers the savvy investor the ability to significantly increase the cash flow as leases expire (14 of the 15 leases expire by July 2024, while 50% of the leases expire by March, 2024). There is also the ability to execute a for sale strategy to sell the units individually at lease expiration. The investor may also choose to assume the below market 4.9% interest rate. The portfolio is not affected by the new Montgomery County Rent Cap and 2 year lease renewal laws allowing for re-tenanting to increase rents above the current 6% cap. This diverse portfolio includes three 1 bedroom, eight 2 bedroom, one 3 bedroom and three 4 bedroom units. Many have new HVAC unit and new appliances. The tax assessment is for the unit at 8602 Welbeck.
MDMC2109044
MLSⓇ ID
October 9, 2023
Listed
February 21, 2025
Updated
Interior Features
Bedrooms
12
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.02 Acres
Architectural Style
Traditional
Sewer
Public Sewer
School Information
School District
MONTGOMERY COUNTY PUBLIC SCHOOLS
Other Property Details
Taxes
$2,542
Tax Frequency
Annually
Days on Market
63
Garage
No
View
No
County
MONTGOMERY
Water Source
Public
Pool
No
Listed by Metropolitan Real Estate, LLC
Listing Contact: 4438384044
The IDX display contains information sourced from the Bright MLS, Inc. as of 2/21/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 2/21/2025 at 12:04 AM UTC
