3B/2B Garden walkout Condo, Condo Fee includes ALL UTILITIES, $2500 Rental Potential
Deal Snapshot
- Ask: $65,000
- Buy Now: $67,000
- Beds/Baths: 3 beds / 2 baths
-
$2500 Rental Potential
- SQFT: 1,246 total
- Style: 1st-floor condo with garden walkout
- Year Built: 1968
- Subdivision: Bedford Towne Condo
- County: Prince George’s, MD
- Taxable Assessment: $154,000
- Annual Taxes: $2,287
- Key Features: Large bedrooms, primary suite with full bath and walk-in closet, spacious living/dining area, patio walkout to grass/garden area, central A/C
- There was a leak above the first bedroom. The leak has been repaired, but not the ceiling.
Why This Deal Works
- 3 bed / 2 bath layout at a low entry point
- 1st-floor unit with walkout patio to green space
- Large bedroom sizes and strong overall square footage for the complex
- All utilities included in the condo fee
- Purple Line proximity adds long-term location appeal
- Current pricing leaves room for an investor targeting a cash-value condo play
Property Overview
7973 Riggs Rd Apt 1 is a first-floor condo in Bedford Towne with a garden-level walkout. The layout includes 3 large bedrooms, 2 full baths, a spacious living and dining area, and a primary bedroom with walk-in closet and full bath.
The unit has solid size and a functional footprint. The walkout patio and green space access give it a better setup than a standard interior condo layout.
Condition
Interior
- Dated overall with clear value-add upside
- Kitchen and baths are functional
- Wood floors run through much of the unit
- A few rooms are in more basic condition than others
Systems
- Central A/C
- Natural gas heat and hot water
- Public water and sewer
Exterior
- First-floor access is a plus
- Patio opens directly to grass/garden area
- Established condo building with common area maintenance in place
Detailed Scope By Room / Area
Living / Dining
- Good open space
- Wood flooring already in place
- Straightforward cosmetic refresh
Kitchen
- Functional layout
- Older cabinet and finish package
Bathrooms
- Two full baths
- Serviceable layout and fixtures
Bedrooms
- Large room sizes
- Primary includes full bath and walk-in closet
- Mixed finish levels across rooms
Patio / Exterior Access
- Walkout-level patio
- Direct access to open green space
- Strong usability for a first-floor setup
ARV Positioning
ARV = $120k / $140K
- 7985 Riggs Rd #5, = $120k (Smaller and 2 Bed)
- 7957 Riggs Rd #7 = $115k – smaller and sold as cash sale
Terms / Next Steps
- Closing May 27th or sooner
- Non-warrantable condo
- Access by appointment
- $5k EMD required
- Sold as-is
- Condo Fee: $1,200/month
- Condo Fee Includes: A/C, electricity, exterior maintenance, gas, heat, insurance, management, pool, sewer, trash, water