904 Fairview AveTakoma Park, MD 20912

Property Details for 904 Fairview Ave

Property size (Sq ft)

10,804 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a three-story, six-unit apartment building located at 904 Fairview Ave, Takoma Park, MD 20912. Boasting a total of 10,804 square feet, this property offers a compelling 6.39% cap rate at an asking price of $960,000. The building is zoned R18 - County, providing flexibility for future development or renovations. Each of the six units features a well-appointed kitchen, a spacious living room, and a full bathroom, ensuring tenant satisfaction. All units are separately metered for efficient utility management. Six assigned parking spots provide ample convenience for residents. The property enjoys a prime location, offering easy access to major transportation routes such as RT-410 and RT-650, and is conveniently situated near the University of Maryland. Its proximity to the Takoma Sub Station and Washington, D.C., further enhances its desirability and potential for strong rental income. This multifamily property represents a rare opportunity to acquire a well-maintained, income-generating asset in a thriving Maryland market. The strong cap rate and desirable location make this an ideal investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio.

Location Insight

City

Takoma Park

County

Prince George's

State

Maryland

Latitude

38.9739

Longitude

-76.9903

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