506 Easley St | Silver Spring, MD 20910
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- LoopNet Team
506 Easley St
Silver Spring, MD 20910
Parkside Terrace · Multifamily Property For Sale
·
87 Units
INVESTMENT HIGHLIGHTS
- Parkside Terrace has been extremely well-maintained with significant capital improvements completed
- Parkside Terrace meets the 10-year hold rule for Low Income Housing Tax Credits.
- The in-place expenses exceed market averages offering new ownership significant expense reduction opportunities
- Incredible opportunity to upgrade over 90% of the unit interiors and receive rent upside over $200 per unit per month depending on floor plan.
PROPERTY FACTS
| No. Units | 87 | Building Size | 64,374 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 2.08 AC | ||
| Zoning | R-10 | ||
| No. Units | 87 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.08 AC |
| Building Size | 64,374 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 1.86/1,000 SF |
| Zoning | R-10 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Dining Room
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- 24 Hour Access
- Playground
- Property Manager on Site
- Basketball Court
- Maintenance on site
PROPERTY TAXES
| Parcel Number | 13-01043766 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $11,381,333 |
PROPERTY TAXES
Parcel Number
13-01043766
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$11,381,333
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