|
|
228 Manor Cir 7 Unit Apartment Building $825,000 ($117,857/Unit) 7.16% Cap Rate Takoma Park, MD 20912
INVESTMENT HIGHLIGHTS
- Newly Renovated
- New Roof (2023) and Building Systems (2025)
- Paved Off-Street Parking
- 7-Units in Highly Desirable Neighborhood
- Occupied and Permitted
EXECUTIVE SUMMARY
100% Occupied (effective 5/1/2025), Newly Renovated 7-Unit Apartment Building for Sale in Takoma Park Maryland. Nice mix of studios (5) and one-bedrooms (2). Walk to retail and restaurants. On site paved parking for residents. See marketing flyer for more information.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$90,780
|
$28.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,377
|
$1.39
|
| Effective Gross Income |
$86,403
|
$27.43
|
| Taxes |
$13,731
|
$4.36
|
| Operating Expenses |
$13,601
|
$4.32
|
| Total Expenses |
$27,332
|
$8.68
|
| Net Operating Income |
$59,071
|
$18.75
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $90,780 |
| Annual Per SF | $28.82 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,377 |
| Annual Per SF | $1.39 |
| Effective Gross Income | |
|---|---|
| Annual | $86,403 |
| Annual Per SF | $27.43 |
| Taxes | |
|---|---|
| Annual | $13,731 |
| Annual Per SF | $4.36 |
| Operating Expenses | |
|---|---|
| Annual | $13,601 |
| Annual Per SF | $4.32 |
| Total Expenses | |
|---|---|
| Annual | $27,332 |
| Annual Per SF | $8.68 |
| Net Operating Income | |
|---|---|
| Annual | $59,071 |
| Annual Per SF | $18.75 |
PROPERTY FACTS
| Price | $825,000 | Building Class | C |
| Price Per Unit | $117,857 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,150 SF |
| Cap Rate | 7.16% | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.54/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-20 | ||
| Price | $825,000 |
| Price Per Unit | $117,857 |
| Sale Type | Investment |
| Cap Rate | 7.16% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,150 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2025 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | R-20 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Storage Space
- Refrigerator
- Oven
- Range
- Yard
- Patio
- Porch
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $1,060 | 215 - 570 |
| 1+1 | 2 | $980.00 | 635 - 800 |
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (71)
PROPERTY TAXES
| Parcel Number | 13-01065796 | Total Assessment | $782,100 (2024) |
| Land Assessment | $492,300 (2024) | Annual Taxes | $13,731 ($4.36/SF) |
| Improvements Assessment | $289,800 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
13-01065796
Land Assessment
$492,300 (2024)
Improvements Assessment
$289,800 (2024)
Total Assessment
$782,100 (2024)
Annual Taxes
$13,731 ($4.36/SF)
Tax Year
2025
MAP
ADDITIONAL PHOTOS
pic5
pic4
pic1
pic7
pic3
pic8
pic6