921 Prospect St Takoma Park, MD 20912

Located in Takoma Park, MD, the all-brick 5-unit apartment building at 921 Prospect St. is nestled alongside Long Branch Stream Valley Park. Each unit features balconies or porches overlooking the park. All units are 2BR 1Ba. The "owner unit" has a private storage, hobby, and laundry room, as well as custom wood cabinetry with pull-out drawers for easy storage in both bedrooms. Units 2 through 5 are currently licensed and occupied. Updated lead-free certificates are available for the 4 licensed units. The upper units generate $6815 of current income. Renting unit 1 for $2200 per month could boost income to $9015 per month. With all units rented, there is a potential current income of around $108,000 per year. The units offer updated kitchens, and most have granite countertops and recent cabinets. The paint and carpets are clean and new. Each unit has a large storage locker in the basement utility room, along with a shared community washer and dryer. Each unit is individually metered and has its own HVAC System (gas furnace and central air conditioning unit). The owner pays for water, sewer, and water heater. The property includes a private, off-street, paved parking lot for 5 vehicles. Recent replacements and improvements include a new 100 Gallon gas water heater in 2023, a recent large LG washer and dryer in the utility room, a new HVAC system (unit 2 in 2023), new AC (units 2 and 5 in 2024), and units 1, 2, 3, and 5 kitchens remodeled. The building has 6 electric and 6 gas meters and is cable-ready with fiber-optic internet. Secured entry foyer to the 4 upper units. There is a useful storage shed in the rear garden and a private patio behind a fence for Unit 1. Mature garden shrubs and trees enhance the attractive location beside the park with trails. Two future Purple Line metro stations are within .5 miles of the Takoma DC Metro station on the Red Line is 1.5 miles. Historic downtown Takoma Park with restaurants, Food Coop, Library, and shops are nearby, as is the Whole Foods in downtown Silver Spring and additional shopping. Interstate 495 access is a 5 to 15-minute drive away. Bethesda, MD, and the University of Maryland are a short commute. Washington Adventist University is a short walk away.