$123,959
$125,000
0.8%For more information regarding the value of a property, please contact us for a free consultation.
4242 EAST WEST HWY #404 Chevy Chase, MD 20815
1 Bath
362 SqFt
Key Details
Sold Price $123,959
Property Type Condo
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Square Footage 362 sqft
Price per Sqft $342
Subdivision Riveria Of Chevy Chase
MLS Listing ID MDMC732748
Sold Date 01/15/21
Style Other
Full Baths 1
Condo Fees $600/mo
HOA Y/N N
Abv Grd Liv Area 362
Originating Board BRIGHT
Year Built 1966
Annual Tax Amount $1,693
Tax Year 2020
Property Description
**BEING SOLD STRICTLY AS PART OF A PACKAGE DEAL** SPECTACULAR INVESTMENT OPPORTUNITY JUST BLOCKS TO DOWNTOWN BETHESDA!! SIX FULLY RENOVATED STUDIOS FOR ONE LOW PRICE!! Already an investor looking to add to your rental portfolio, or been thinking about becoming an investor and looking for a great opportunity? Well look no further!! The Riviera of Chevy Chase is located just 3 blocks to Bethesda METRO, across the street from the Bethesda Crescent trail, and just steps to all the dining, entertainment and shopping that Bethesda has to offer! Also, located just one METRO stop from NIH, Bethesda Naval, Friendship Heights and DC border. The building features an abundance of amenities including 24/7 concierge, attached garage parking with each unit, newly renovated lobby and elevators, secured and monitored entrance, fitness center, party room, business center, sauna and topping all off, literally is the stunning rooftop deck and pool! Want to rent long term, or short term, up to you! These particular units are allowed to be rented even DAILY should you choose to do so. The 03 and 04 tiers are the only units that are allowed to do this and it is in the actual Bylaws for the building. Every unit has been renovated from top to bottom, including breaking down walls to install completely remodeled kitchens with granite counters, upgraded cabinets and appliances, renovated baths, upgraded lighting, recently replaced HVAC systems and more! Condo fee includes ALL utilities and the units are completely move in ready, so let the money start rolling in! Sellers will include their current website, FurnishedInBethesda.com, at no extra cost. They have been using that site for over 10 years and have had one of the lowest vacancy rates compared to industry standards (less than 2%). Having multiple units in one building makes it easier to juggle tenants and keep units occupied with the least amount of downtime, makes it easier for management and maintenance issues as well, and helps stream line the rental process. CONTACT LISTING AGENT FOR FURTHER DETAILS G E N E R A L S P E C S : Price: $672,000 6 Studio units: (#403/261 s f , #404/362 s f , #603/261 s f , #704/362 s f , #803 261 s f , #904/362 s/f ) Current Average taxes per unit for the year : $1 ,486. 16 (average monthly taxes : $128.85) Monthly condo fee per unit : $600 Gros s yearly average income per unit : $23, 1 13 Total Gros s Average Income: $138,679
Location
State MD
County Montgomery
Zoning RESIDENTIAL
Interior
Hot Water Natural Gas
Heating Wall Unit
Cooling Wall Unit
Equipment Built-In Microwave, Disposal, Dishwasher
Fireplace N
Appliance Built-In Microwave, Disposal, Dishwasher
Heat Source Natural Gas
Exterior
Parking Features Basement Garage
Garage Spaces 1.0
Amenities Available Common Grounds, Community Center, Concierge, Elevator, Exercise Room, Fitness Center, Laundry Facilities, Meeting Room, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Sauna, Security, Swimming Pool
Water Access N
Accessibility Other, No Stairs, Level Entry - Main
Attached Garage 1
Total Parking Spaces 1
Garage Y
Building
Story 1
Unit Features Hi-Rise 9+ Floors
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Montgomery County Public Schools
Others
Pets Allowed N
HOA Fee Include Air Conditioning,All Ground Fee,Common Area Maintenance,Electricity,Ext Bldg Maint,Health Club,Lawn Maintenance,Management,Parking Fee,Pool(s),Reserve Funds,Recreation Facility,Sauna,Sewer,Water
Senior Community No
Tax ID 160701896447
Ownership Condominium
Special Listing Condition Standard
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Bought with Alecia R Scott • Long & Foster Real Estate, Inc.