7310 Columbia Ave | College Park, MD 20740
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7310 Columbia Ave
College Park, MD 20740
100% Occupied | Ten Unit Apt | 7.00% CAP Rate · Multifamily Property For Sale
·
10 Units
Investment Highlights
- A Ten Unit Building Featuring Recently Updated One-Bedroom (4) and Two-Bedroom Units (6)
- Exceptional Transit Access with the College Park Metro Station Directly Across the Street and close proximity to 495 and Route 1
- Submarket Experiencing One of Its Largest Construction Cycles, with Institutional Anchors and Transit Accessibility Driving Tenant Absorption and Rent
- Fully Occupied Units in a Low Vacancy Submarket. Immediate Cash Flow with a 7.00% CAP Rate
- Located Minutes from the University of Maryland, Driving Consistent Rental Demand
Property Facts
| No. Units | 10 | Building Size | 7,468 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1985 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | R18 | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 7,468 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R18 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,450 | 600 |
| 2+1 | 6 | $1,720 | 800 |
Property Taxes
| Parcel Number | 21-2356087 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,225,333 |
Property Taxes
Parcel Number
21-2356087
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,225,333
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