🔥 Cheap Montgomery County Opportunity | 2BD/1BA | $115K Asking | Light-Moderate Rehab
⭐ Property Features
- Home Type: Condo
- Bedrooms/Bathrooms: 2 BD / 1 BA
- Square Footage: 938 sq ft
- Condition: Good — updated flooring, updated bathroom; may need cosmetic finishes
- HVAC: Functional (central air confirmed operational)
- Plumbing: Functional
- Year Built: 1957
📍 Location Highlights
Located in Takoma Park, Montgomery County — one of the most accessible and in-demand submarkets in the DC Metro corridor. The area draws consistent rental and resale demand from proximity to DC, major transit lines, and established neighborhood infrastructure.
🔧 Investor Notes / Value-Add Potential
- Light rehab opportunity — property is in good condition with updated flooring and bathroom; primarily cosmetic finishes needed to maximize value
- HOA covers most utilities; buyer responsible for electricity only (estimated $20–$25/month), keeping ongoing carry costs lean
- HOA fee approximately $1,091/month — factor into hold and rental underwriting
- Asking $115K in Montgomery County — strong value-add entry point for the submarket
- Recommended strategies: fix-and-flip or buy-and-hold/rental repositioning
💰 Investor Numbers
Asking Price: $115,000
EMD: $3,000
📝 Access Policy
- To respect the seller and streamline the process, we prioritize buyers who provide a preliminary offer range, proof of buying criteria, or, when applicable, proof of funds.
- Showings are limited and offered only to buyers who indicate they are prepared to perform within reasonable proximity to the listed price expectations
📍 INVESTOR DISCLOSURES
- As always, we co-op with all agents
- All offers via our wholesale assignment contract (not a sale of equity).
- Cash / Hard Money / Private Money only.
- Proof of funds required.
- EMD: $3,000 within 24 hrs of contract acceptance.
- Closing with Lakeside Title Company.
- As-Is sale; buyer to perform due diligence
- Expected settlement: October 12th!
CLICK TO MAKE AN OFFER
📞 Questions Before Submitting an Offer?
Contact our dispositions manager: