$2,150,000
FOR SALE4702 N. Tecumseh St
Berwyn Heights, Md, 20740
MLS #MDPG2190592
Subdivision: Bewley Estates
Building: -
7 Beds
3/1 Baths
2500 sqft
$ 860.00 /sqft
PORTFOLIO SALE x2013; LIST PRICE REFLECTS THREE PROPERTIES.Rare opportunity to acquire a fully stabilized 18-bed student housing portfolio located minutes from the University of Maryland, College Park. This listing is anchored at 4702 N. Tecumseh St for MLS purposes and represents the collective sale of three single-family properties operated together as a student housing portfolio.The portfolio consists of the following addresses:x2022; 4702 N. Tecumseh St, College Park, MD - 7 Bedrooms / 4 Bathroomsx2022; 8102 Ash Ave, College Park, MD - 6 Bedrooms / 3 Bathroomsx2022; 8804 35th Ave, College Park, MD - 5 Bedrooms / 2 BathroomsThese properties have been operated as student housing for 15+ years with a proven track record of consistent demand, strong rent collections, and parent-guaranteed leases. All leases follow an academic-year cycle (Augustx2013;July), allowing for annual rent resets and predictable leasing performance.The portfolio is currently producing strong in-place income with immediate upside through lease-up of remaining beds, bringing the portfolio to full stabilization. At stabilized occupancy, the asset underwrites to approximately a 5.3% cap rate, reflecting the stability, durability, and turnkey nature of this investment.Offered as a true turnkey acquisition, the sale includes established operating systems, leasing processes, and experienced property management in place, allowing a new owner to step in with minimal transition friction. This opportunity is ideally suited for investors seeking long-term, enrollment-driven cash flow in a supply-constrained university market. Portfolio sale only.
-
The data relating to real estate for sale on this web site comes in part from various real estate boards and MLSs across the United States.
Information is deemed reliable but not guaranteed. Copyright, all rights reserved. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited.
Listing Courtesy of: Real Broker LLC - Gaithersburg
