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200 E Diamond AvenueGaithersburg, MD 20877Sale Price: $1,680,000

  • Sale Price: $1,680,000
  • 284 Days Since Sale
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Federal 30-year interest rate: 6.12% last updated on Oct 3, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $2,000,000List Price
  • 0.26Acreage

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Great investment opportunity! The old town of Gaithersburg is seeing great renewal through the construction of over 2000 units of new condos. This property is in the center of all the action! This sale includes 2 separate structures, all zoned mixed residential commercial. The rear house is 3 levels which currently hosts a salon, it totals about 1800sqft. the front of the building has 3 separate retail spaces and 2 apartments. A printing press has been a tenant for over 20 years with submarket level lease they occupy about 2000 sqft , there's a well-ness coach who occupies about 1200 sqft and a travel company that occupies about 900 sqft. Upstairs there's a 1 bedroom and a 2 bedroom apartment units. All the units have separate utilities and meters. There are a total of 6 units, 11 parking spaces for sale. All tenants have been with the property for over 3 years with exception of the wellness coach who has been about a year. The net income from rent annually is about $90,000 and this is well below market. The rear of this lot has already been approved to build a community of over 300 apartments. As previously mentioned, this property is in the center of all the action and will generate great income for its future owner.

Property Details of 200 E Diamond Avenue

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Listed by Seul Lee of Samson Properties

Listing Sold by Argent Realty, LLC

Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Next Step Realty | W Home Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 5, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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