Investor Alert! Solid 3BR, 2.5BA condo townhouse in Gaithersburg featuring a brand-new HVAC, well-kept appliances, and a functional layout ideal for long-term rental stability. The property is tenant-occupied by a responsible renter of 10+ years who consistently pays on time and wishes to remain. Currently rented for $1,805/month, this home offers a turnkey investment with immediate, reliable income and no vacancy risk. Located just 1.5 miles from the approved Lake Forest Mall redevelopment, this area is positioned for significant appreciation. The redevelopment plan includes 1,600 new residential units, extensive retail, dining, commercial, and entertainment spaces, and a new transit center, all anticipated to drive long-term demand and increase neighborhood value. Investors will benefit not only from strong current cash flow but also from the future upside as the surrounding area transforms. A rare opportunity to secure a stable, income-producing asset in a rapidly improving corridor of Gaithersburg.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- 1/2 Bathrooms: 1
Heating and Cooling
- Cooling Features: Central A/C
- Heating: Yes
Garage and Parking
- Parking Features: On Street
Homeowners Association
- Association: Yes
- Association Fee: 220
- Association Fee Frequency: Monthly
- Calculated Total Monthly Association Fees: 220
- Pet Description: Case by Case Basis
- Senior Community: No
School Information
- School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
Other Property Info
- Annual Tax Amount: 4263
- Source Listing Status: Active
- County: MONTGOMERY
- Disclaimer: Standard
- Ownership: Condominium
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: NEWPORT ESTATES
- Postal Code Plus 4: 3426
- Subdivision: NEWPORT ESTATES
- Township: City of Gaithersburg
Building and Construction
- Total Square Feet Living: 1884
- Year Built: 1974
- Above Grade Finished Area: 1286
- BelowGradeFinishedArea: 598
- Building Name: NEWPORT EST SEC 2 CODM
- Construction Materials: Brick, Vinyl Siding
- Levels: 2
- Property Age: 51
- Levels or Stories: 2
- Structure Type: Interior Row/Townhouse
- Total Area Sqft: 1884
- Total Below Grade Area: 598