Renovated Condo with
For Sale
$199,999
19419 BRASSIE PLACE Unit 304, Montgomery Village, MD 20886
The updated interior includes a separate den that can serve as a bedroom.
Property Size854 SF
Days on Market14
Property Features for 19419 BRASSIE PLACE Unit 304
General Information
Standard status
Active
Size
854 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,763
Building Details
Building Size
854 SF
Year Built
1972
Listing Agency:
Save 6, Incorporated
Listed By:
Andres Santiago Amaguana
(301) 891-9402
Source:
Thehulsmangroup
Added: Sep 23
Changed: Oct 3
Last Checked: Oct 5 at 9:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Save 6, Incorporated
Investment Insights
Based on property information with market context.
This residential condo has a den that can function as a bedroom. Interior work includes a replacement kitchen and appliances, a new full bathroom, vinyl flooring, and fresh paint throughout. The building dates to 1972.
Key Highlights
- Separate den can function as a bedroom
- Kitchen and appliances replaced
- New full bathroom, vinyl flooring, and paint throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,101
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,020
$282.0K
Cap Rate 7%
$201,443
$201.4K
Cap Rate 9%
$156,678
$156.7K
Market Conditions
NOI Build-Up for 854 SF
Gross rent
$27.6K $32.28/SF
− Vacancy
−$1.9K −$2.26/SF
EGI
$25.6K $30.02/SF
− OpEx
−$11.5K −$13.51/SF
NOI
$14.1K $16.51/SF
Area
Montgomery County, MD
Vacancy
7.00%
Lease Rate
$32.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,020
Cap Rate 7%
$201,443
Cap Rate 9%
$156,678
Alternative Uses
Best Use
Apartment 5plus
$201.4K
$176.3K – $235.0K
NOI $14,101 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$300.4K
$262.9K – $350.5K
NOI $21,029 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 20886, MD
35,649
Population
13,024
Households
2.7
Avg Household Size
36
Median Age
43%
College-Educated
88%
High-School Grad
4.1 sq mi
ZIP Area
8,695
Density / Sq Mi
$98,767
Median Household Income
$48,530
Median Earnings
$1,863
Median Rent
$366,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The updated interior includes a separate den that can serve as a bedroom.
Where is this residential income property located?
The property is located at 19419 BRASSIE PLACE Unit 304 Montgomery Village, MD.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Separate den can function as a bedroom; Kitchen and appliances replaced; New full bathroom, vinyl flooring, and paint throughout
