Address: 6124 41st Avenue, Hyattsville, Maryland, US
Created date: April 15, 2024
Date last updated: April 15, 2024
- IN THE HISTORIC HYATTSVILLE NEIGHBORHOOD
- Located in Prince George’s County, the Historic Hyattsville neighborhood exudes charm and character. With neighboring single-family homes commanding prices upwards of $500k, the area showcases its enduring appeal and potential for long-term growth.
- NEARBY UNIVERSITIES
- Strategically positioned near the University of Maryland, College Park, the property benefits from a robust student population and the economic vitality it brings. This presents a unique opportunity for investors to tap into a steady stream of rental demand and community vibrancy.
- GRADE A RETAIL NEXT DOOR
- Just a brief walk away from Prince Georges County Mall, residents have convenient access to a range of national retail chains like Giant, Target, Staples, and others. This proximity is a top tier amenity elevating leasing activity and boosts the Property’s appeal.
- NEARBY PUBLIC TRANSPORTATION
- With multiple transportation options nearby, including bus stops and a metro station, residents enjoy seamless connectivity throughout the D.C. metro area. This accessibility enhances the Property’s appeal and convenience for tenants.
- OFF-STREET PARKING
- A standout feature of the property is its eight dedicated off-street parking spaces, a valuable asset in urban settings. This amenity not only enhances resident convenience but also presents potential for future development or conversion opportunities.
- UNTAPPED UPSIDE
- Unlocking the Property’s full potential entails strategic enhancements such as upgrades, rent optimization, and diversification of income streams. With spacious units, basement storage options, and ample lot space, there exist numerous avenues to increase revenue and maximize returns for new ownership.
Property Description
THE OPPORTUNITY
Eight-unit apartment building located in the Historic Hyattsville neighborhood. With nearby universities, top-tier retail, public transportation, and off-street parking, the opportunity promises immediate income, alongside long-term growth potential.