1418 STATESIDE DR Silver Spring, MD 20903

NEW LOWER PRICE!

Great investment, or a great place to live!

Large, spacious home, featuring a total of 5 bedrooms, and 4 full bathrooms, minutes to the Beltway, minutes to the DC line.

Currently, the house operates as a licensed rental facility. The Montgomery County rental license is up to date, transferrable, and available for sale separately. Current owner will assist in the transfer of the license. All inspections have been performed and are currently up to date.
There 6 rental spaces within the house. They rent for $650, $675, $850, $450, $750, and $1300 per month. There is also a large apartment in the basement with it's own kitchen, bathroom, living room and entrance which is unoccupied and should bring an additional $1300. There is a large bedroom on the first floor which is unoccupied and should bring $900 per month rent. Utilities are included. All tenants are willing to stay on. Four of the units have tenants who have occupied for more than a year and are eligible for rent increases. Annual rental income, not including the two empty units is approximately 47,100.

If you aren't interested in running a business, this will make a large, spacious, wonderful home!

Spacious, separate basement apartment, renovated less than two years ago, has a fireplace, full bathroom and its own walk-out entrance. There are large living rooms on the first and second floors and large Owner's suites on both the first and second floor.

Originally a ranch style house, the entire second floor was added in 2010, which added an additional primary bedroom with a walk in closet, and attached full bathroom, and additional bedroom, office, and living room, as well as its own zone of heating and air conditioning and a new roof.

Large, flat, private back yard is perfect for gardening, or relaxing.

Detached two car, two story garage with plenty of storage space.

Solar panels have been added to reduce energy costs, as well as two zone heating and air conditioning.