122700977899874,
5395 Beta Place Indian Head, MD 20640
Listing Courtesy of: BRIGHT IDX / Century 21 New Millennium / Ken Phipps

  5395 Beta Place Indian Head, MD 20640

Pending (37 Days)
$499,999
8
BED
6
BATH

Description

ATTENTION INVESTORS AND LANDLORDS - Don’t miss out on this rare and unique investment opportunity in Charles County. This multi-dwelling package presents an excellent opportunity to expand your portfolio with four rental units on a single 2.5 acre parcel. The units have had various upgrades during the current ownership and are priced accordingly to condition. The inclusion of washer and dryer in each unit adds convenience and value to both landlords and prospective tenants. Currently all four units are leased and tenant occupied providing immediate cash flow and are professionally managed by property manager. Two of the units are currently in month to month leases with the remaining two in first year leases. The combined monthly rental income is $5,045 with an additional combined $360/mo in tenant fees to cover water, sewer, trash dumpster service, snow removal and lawn maintenance for annual gross income of $64,860. There is no home owners association. The property is located very close to the Indian Head Naval Support Facility and the Stump Neck Naval Annex and offers seasonal water views of the Mattawoman Creek. Easy access to highways for commuting and accessing the local amenities and recreational areas.<BR<<BR<Units 5375 and 5377 are a duplex configuration. Unit 5375 is 1 level 1BR 1FB at approx. 850 sq ft (adding closet to extra room could potentially be converted into a second bedroom). Unit 5377 is 1.5 level 1BR 1FB at approx. 900 sq ft (upper loft could potentially be converted into a second bedroom). Unit 5380 is a 2 level 4BR 2.5FB with an exterior entry utility cellar. Unit 5395 is a 1 level 2BR 1FB at approx. 912 sq ft. The rear units (5375, 5377 and 5380) share a common private well and septic system (system septic tanks and field replaced 2019). The front unit (5395) has its own private septic and shares common well with the other units.<BR<<BR<Only the front unit (5395) is visible from Hawthorne Road. In order to minimize disturbance to tenants please DO NOT enter property except for during a scheduled showing appointment with the Listing Agent. Property parcel and homes are being sold strictly As-Is with cash,hard money,commercial,conventional or other acceptable financing methods. No contract assignments. Seller is offering the current ownership name and LLC in addition to the real property. Serious purchasers only please. Owner requires purchaser proof of funds prior to disturbing tenants with showing appointments.

MLS #:
MDCH2036474
Taxes
$5,083(2024)
Lot Size
2.5 acres
Type
Single-Family Home
Year Built
1956
Style
Cape Cod, Ranch/Rambler
School District
Charles County Public Schools
County
Charles County

Listed By

Ken Phipps, Century 21 New Millennium
Source
BRIGHT IDX
Last checked Nov 25 2024 at 5:13 AM EST
Bathroom Details
  • Full Bathrooms: 5
  • Half Bathroom: 1
Interior Features
  • Dryer
  • Washer
  • Refrigerator
  • Oven/Range - Electric
Subdivision
  • South Glymont Sub
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Slab
  • Foundation: Crawl Space
Heating and Cooling
  • Central
  • Forced Air
  • Baseboard - Electric
  • Window Unit(s)
Exterior Features
  • Combination
  • Roof: Shingle
  • Roof: Asphalt
Utility Information
  • Sewer: Private Septic Tank
  • Fuel: Electric, Oil
School Information
  • Elementary School: Gale-Bailey
  • Middle School: General Smallwood
  • High School: Henry E. Lackey
Stories
  • 1
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/24/24 21:13