10100 Business ParkwayLanham, Maryland 20706+1 301 459 4400naimichael.com

For Sale

Apartment Building

For Sale

Yale HouseCOLLEGE PARK, MD

7302 Yale Avenue, College Park, Prince George’s County, MD

The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to

doubt its accuracy, but we do not guarantee it. Floor plans, site plans and other graphic representations of this property have been reduced

and reproduced, and are not necessarily to scale. All information should be verified prior to purchase or lease.

Demographics (Spotlight 2017 est’s)

1 mile 3 mile 5 mile

Population 18,883 185,639 461,637

Households (HH) 3,663 56,038 159,507

Avg HH Income $91,001 $75,048 $82,808

For more information:

Allen Cornell+1 301 918 2909acornell@naimichael.com

Sale Price $2,950,000

• Six (6) fully leased finished student housing (apartments)

• Expansion plans completed and approved for Four (4) additional units

• Easy / Convenient walk to campus and downtown Collge Park

• Renovated and in excellent condition• Outstanding rental (income) history• Projected Current NOI - (6 units) $157,460• Projected NOI upon expansion - (10 units) $271,365

Property Features

10100 Business Parkway | Lanham, Maryland 20706 | +1 301 459 4400 | naimichael.com

For Sale 6 UNITSWith expansion for up to 10 Units

Property Description

• 9,280 sf Apartment Building

• (6) Units *Fully engineered approved plans by Yhe City of College Park to add Four (4) additional units Two (2) in basement - to be excavated - and Two (2) in attic

• Gas & Electric (separately metered) paid directly by Tenants. Gas is currently used for HVAC Heat only

• Units are furnished & have their own washer/dryer, updated kitchens and appliances, garbage disposals, dedicated HVAC

• Keyless entry to each unit

• Comcast cable and Wifi

• 50” installed wall mounted TV’s with Roku streaming

• Electric high efficiency fireplace in each unit

• 8 cameras throughout complex for security

• 12 on-site parking spaces

LocationSubject property is located on the west side of Yale Avenue, one block east of Baltimore Avenue in Downtown of College Park, MD.

ImprovementsProperty is improved with a 3-story, plus attic and crawl space, walk-up apartment building. There are currently Six (6) legal units with approved engineering plans for Four (4) additional units.

The current Six (6) units were renovated and are described as follows: - Unit 100 - 2bed/2bath, (sleeps up to 4 persons) - Unit 101 - 2bed/1bath, (smaller layout than 2nd & 3rd floors & can only sleep 3 persons) - Units 200, 201, 300 & 301 - 2bed/1bath (sleeps up to 4 persons)

Land Area & ZoningImprovement are situated on 11,007 sf of R-18 (Multi-family Medium Density Residential) zoned land.

ExpansionFour (4) units as follows: - Unit 100-A - 2bed/1bath, (sleeps up to 4 persons) - Unit 101-A - 2bed/1bath, (sleeps up to 4 persons) - Unit 400 - 2 bed/1bath, (sleeps up to 4 persons) - Unit 401 - 2 bed/1bath, (sleeps up to 4 persons)