Chevy Chase, MD 20815,4242 EAST WEST HWY #404
Chevy Chase, MD 20815,4242 EAST WEST HWY #404
Chevy Chase, MD 20815,4242 EAST WEST HWY #404
30
$123,959
$125,000
0.8%
Est.Price: ?

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1 BA
362 SqFt

4242 EAST WEST HWY #404 Chevy Chase, MD 20815

Est. payment /mo
SOLD DATE : 01/15/2021

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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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Bright MLS (BMLS)
Listed by Marc S Luger • Weichert, REALTORS
Bought with Alecia R Scott • Long & Foster Real Estate, Inc.

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agent

Skip Tolley

Agent | License ID: 528296

+1(410) 935-7500

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