Property
Beds
3
Full Baths
2
1/2 Baths
1
Year Built
1974
Sq.Footage
1,884
Investor Alert! Solid 3BR, 2.5BA condo townhouse in Gaithersburg featuring a brand-new HVAC, well-kept appliances, and a functional layout ideal for long-term rental stability. The property is tenant-occupied by a responsible renter of 10+ years who consistently pays on time and wishes to remain. Currently rented for $1,805/month, this home offers a turnkey investment with immediate, reliable income and no vacancy risk. Located just 1.5 miles from the approved Lake Forest Mall redevelopment, this area is positioned for significant appreciation. The redevelopment plan includes 1,600 new residential units, extensive retail, dining, commercial, and entertainment spaces, and a new transit center, all anticipated to drive long-term demand and increase neighborhood value. Investors will benefit not only from strong current cash flow but also from the future upside as the surrounding area transforms. A rare opportunity to secure a stable, income-producing asset in a rapidly improving corridor of Gaithersburg.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
2
-
1/2 Bathrooms
1
-
Above Grade Finished Area
1286.0
-
Basement YN
YES
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Other
-
Main Level Bedrooms
3
-
Pet friendly
Yes
Exterior
-
Garage
No
-
Construction Materials
Brick, Vinyl Siding
-
Parking
On Street
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
Other
Price
-
Sales Price
$300,000
-
Tax Amount
4263.0
-
Sq. Footage
1, 884
-
Price/SqFt
$159
HOA
-
Association
Yes
-
Association Fee 2
$220
-
Association Fee 2 Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Association Amenities
None
-
Foundation Details
Other
-
Senior Community YN
NO
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
MONTGOMERY
Elementary School
Middle School
High School
Listing Courtesy of Natasha Uppal , Samson Properties
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