614 Sligo Ave Apt 411, Silver Spring, MD 20910 – Closing 29 June or sooner
Deal Snapshot
- Ask: $127,900
- Buy Now: $129,900
- Projected Rent:$1,675/month
- Beds/Baths: 1 bed / 1 bath
- SQFT: 890 total
- Style: Condo high-rise / corner unit
- Year Built: 1966
- Parking: 1 assigned space
- Taxable Assessment: $150,000
- Annual Taxes: $1,738
- Condo Fee: $733.12/month
- Fee Includes: Common area maintenance, electricity, heat, insurance, lawn maintenance, reserve funds, water
- Subdivision: The Carolyn
- County: Montgomery, MD
- Financing:Cash only
Why This Deal Works
- Renovated corner unit with strong in-place presentation
- Projected rent at $1,675/month
- Entry price sits below tax assessment
- 890 sqft gives this a larger 1-bedroom feel
- Assigned parking adds value in this pocket
- Condo fee covers major monthly expenses, including electricity, heat, and water
- Rentals permitted
- Best positioned as a buy-and-hold cash deal
- Minutes to Downtown Silver Spring, Metro, 495, and Sligo Creek trail access
Property Overview614 Sligo Ave Apt 411 is a renovated 1BR/1BA corner unit in The Carolyn. The layout is open, bright, and efficient, with a larger living/dining area than you usually see at this basis.This is not a flip story. This is a cash-flow hold with a clean unit, a straightforward layout, and rental demand in a strong Silver Spring location.
ConditionInterior
- Renovated overall
- Bright kitchen with quartz counters and stainless appliances
- Fresh paint and modern lighting
- Parquet floors throughout
- Updated bath vanity and finishes
- Strong storage with four closets
Systems
- Central A/C
- Forced air heat
- Natural gas hot water
- Utility load is simplified by condo fee coverage
Exterior
- Elevator building
- Assigned parking
- Well-located condo community with practical access to Silver Spring amenities and commuter routes
Detailed Scope By Room / AreaLiving / Dining
- Open layout
- Good natural light
- Clean presentation and solid room size
Kitchen
- Updated counters and appliance package
- Functional layout
- Stronger finish level than a typical dated condo at this price point
Bathroom
- Updated vanity and finishes
- Clean and serviceable
Bedroom
- Good size for a 1-bedroom condo
- Corner-unit feel helps overall livability
Storage / Parking
- Four closets add real utility
- Assigned parking space is a plus
Exit Strategy
- Buy and Hold: Best fit
- Cash Flow: Main angle
- Flip: Not the play here
Terms / Next Steps
- Closing 29 June or sooner
- Unit is not warrantable
- Cash only
- Access by appointment
- $5k EMD required
- Sold as-is