1,112 Sqft Lot
1,112 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Kentlands
MLS Listing ID MDMC2242098
Year Built 2001
Available Date 2026-07-07
Annual Tax Amount $12,807
Tax Year 2025
Lot Size 1,112 Sqft
Acres 0.03
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Recent high end renovations to the apartment and basement showcase quality finishes and thoughtful design. Live in the top floor residence while enjoying income from the other units, or add this exceptional asset to your investment portfolio. Just steps from Whole Foods, shops, restaurants, and all that Kentlands has to offer, this is truly a rare offering that combines lifestyle and investment potential.
Income from day one, with room to grow. The first floor is leased to an established hair salon whose renewal options could extend through 2033, with 2% annual rent increases, a tenant-funded build-out, and two reserved parking spaces. The second floor is leased to a professional office tenant on a flexible month-to-month basis, with property tax increases passed through to the tenant. Tenants pay their own phone, internet, insurance, and interior upkeep; the owner covers gas, water, electric, and major building systems. Additional future income potential from the top-floor residential unit and the lower-level commercial space. Hurry this one will not last!
Location
State MD
County Montgomery
Zoning MXD
Interior
Hot Water Electric
Heating Heat Pump(s), Central, Forced Air
Cooling Central A/C
Flooring Carpet, Ceramic Tile, Laminate Plank
Heat Source Electric, Natural Gas
Exterior
Utilities Available Cable TV, Multiple Phone Lines, Natural Gas Available
Water Access N
View Street
Roof Type Asphalt
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Montgomery County Public Schools
Others
Tax ID 160903223812
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
Nearby Locations
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