Property

Silver Spring, MD 20910 20 Ritchie Avenue

20 Ritchie Avenue Silver Spring, MD - Image 120 Ritchie Avenue Silver Spring, MD - Image 220 Ritchie Avenue Silver Spring, MD - Image 3
6 more
20 Ritchie Avenue Silver Spring, MD - Image 420 Ritchie Avenue Silver Spring, MD - Image 520 Ritchie Avenue Silver Spring, MD - Image 620 Ritchie Avenue Silver Spring, MD - Image 720 Ritchie Avenue Silver Spring, MD - Image 820 Ritchie Avenue Silver Spring, MD - Image 920 Ritchie Avenue Silver Spring, MD - Image 10
Presented By: EXP Realty, LLC
  • MLS# MDMC2157872
  • 12/13/2024
  • Request Tour
  • Request Info
  • SQFT • 9,000

Home Details

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. Dont miss the chance to own this fantastic income-producing property! Contact us today to schedule a viewing or request additional details.
Presented By: EXP Realty, LLC

Interior Features for 20 Ritchie Avenue

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Total Stories3

General for 20 Ritchie Avenue

AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building
CitySILVER SPRING
Construction MaterialsBrick
Cool FuelElectric
CoolingCentral A/C
CountyMONTGOMERY
DirectionsTake exit 28B from I-495 W, merge onto MD-650 S/New Hampshire Ave toward Takoma Park, Turn right onto MD-320 S/Piney Branch Rd, Turn left onto Ritchie Ave, At the traffic circle, continue straight to stay
Heating90% Forced Air
Lease Considered Y/NNo
Legal SubdivisionTAKOMA PARK
Lot Size Square Feet21594.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-03-03T17:52:03
MunicipalityCity of Takoma Park
New ConstructionNo
Number Of Units Total9
OwnershipFee Simple
PossessionOther
Possible UseApartment Building
Price Per Sq Ft Total AG179.86
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Tax Annual Amount19831.0
Tax Assessed Value1126200.0
Tax LotP5
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1966
Year Built SourceEstimated
ZoningR30

Exterior for 20 Ritchie Avenue

Building Area Total7200.00
Car Parking Spaces20
Fencing Y/NN
Land Assessed Value599600.00
Land Use CodeM
Lot Size Acres0.50
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces20
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $1,295,000
MLS#MDMC2157872
List Date 12/13/2024
Property Type Contingent
Request Tour
Request Info
Visit My Website

Similar Properties to 20 Ritchie Avenue

Get Pre-approved