INVESTOR SPECIAL — Below Tax Value! Buy & Hold or Turnkey Rental Opportunity
Welcome to Lakeside Terrace in prime Bethesda, MD!
This rarely available, extra-large 1BR condo features 840 square feet of bright living space and a massive balcony with peaceful pool and garden views. Just needs cosmetic updates—kitchen, flooring, and paint—to shine.
- Perfect location for rental demand: Steps to shopping, transit, dining, and commuter routes (I-270, I-495).
- Newly renovated bathroom (2024) with modern tilework and fixtures.
- Quiet building with secure entry, updated lobby, ample parking, elevator, and on-site amenities.
- ALL utilities included in condo fee—just pay for internet.
- Storage unit included, plus bike room and laundry on same floor.
- Excellent school district and strong local employment base.
- HOA is investor-friendly with no rental cap (verify with HOA).
Tax Assessed Value (2025): $240,000
Condo Fee: $650/month (includes all utilities except internet)
Investment Highlights:
- Ideal Buy & Hold or Rental Opportunity in the heart of Bethesda, just minutes from Montgomery Mall, I-270, and I-495.
- Spacious 1BR/1BA unit (840 sqft) with oversized balcony overlooking landscaped grounds and pool.
- Recently renovated bathroom: new vanity, modern tilework, and fixtures (2024).
- Mechanical systems and building envelope in good condition per seller; only cosmetic updates needed—refinish floors, fresh paint, and update kitchen for instant equity.
- Storage unit included (4.5’ x 10’ on penthouse floor).
- Secure building with updated lobby, mail room, laundry on same floor, and ample unassigned parking.
- Strong rental market—location appeals to commuters, students, and professionals.
Condition:
- Cosmetic updates needed: flooring, paint, kitchen refresh.
- Central HVAC (building-wide).
- No major mechanical or structural issues reported.
- Pet policy: Only service or ESA allowed.
Rental Market Analysis:
- Average Rent for 1BR/1BA in the building/complex: $1,800–$2,000/mo (depending on finish and floor)
- Condo Fee: $650/mo (covers all utilities except internet)