ARV = $490K+
Wholetail/Rent Ready Gaithersburg Townhome (super clean) – $399K
Deal at a Glance
- Asking Price: $399,000
- ARV $490k
- Beds/Baths: 4 / 3.5
- Above Grade: 1,610 sq ft
- Total Sq Ft: 2,392 sq ft
- Year Built: 1976
- HOA: $110 Monthly
- Taxes: ~$5,115 annually
- Subdivision: Echo Dale
- Occupancy: Tenant (lease ends 11/30/25). DO NOT DISTURB THE TENANT.
Investment Highlights
1. Basement Value-Add / Rental Potential
- Upgraded basement with full bedroom, bathroom, kitchenette, living space, and separate entrance.
- Perfect for multi-generational living or additional rental income.
- Investors can leverage as an in-law suite.
2. Turnkey / Wholetail Ready
- Property is move-in ready with only minor cosmetic touch-ups needed.
- Current tenant has maintained the home very well (clean, upgraded features, and no major deferred maintenance).
3. Strong Location & Demand
- Situated in Gaithersburg, Montgomery County, one of the strongest rental and retail buyer submarkets in Maryland.
- Close to I-270, Shady Grove Metro, shopping, and schools.
- Low townhouse inventory supports fast resale absorption.
Property Details
- Main Level: Functional layout with kitchen, living, and dining space.
- Bedrooms: 4 spacious bedrooms (upstairs + basement suite).
- Bathrooms: 3.5 total – master bath upgraded with walk-in shower.
- Basement: Fully finished with private entrance, bed, bath, kitchenette, and living area.
- Systems: Roof (8 years), HVAC & water heater appear in good condition.
Exterior
- Brick & siding façade in good condition
- Roof replaced ~8 years ago (no visible issues)
- Walkway and front landscaping presentable, curb appeal intact
- Rear patio/deck ~80 sq ft, functional with minor updates needed
Interior – Main Levels
- Living/Dining Area: Neutral paint, flooring in fair condition, ready for cosmetic refresh
- Kitchen: Functional, dated appliances & cabinets – modern upgrades would increase ARV
- Bedrooms: 3 upstairs bedrooms in average condition, all livable but could use cosmetic refresh
- Bathrooms:
- Master bath upgraded with walk-in shower
- Additional baths serviceable, but dated finishes
Basement (Major Value-Add)
- Fully finished with private entrance
- Includes bedroom, full bathroom, kitchenette, and living space
- Currently tenant-ready; offers strong rental income potential or in-law suite use
Systems & Mechanical
- HVAC: Forced air unit – operational, no issues reported
- Water Heater: Serviceable (exact age not noted, but no issues flagged)
- Electrical/Plumbing: No major problems reported; functional for tenant use
- HOA maintains common areas, reducing exterior upkeep responsibilities
Overall Condition:The home is move-in ready (wholesale/whole-tail play), with basement rental potential as the biggest value driver. Light updates would maximize resale ARV; heavy rehab not required.
Exit Strategies
Flip
- Wholetail or light rehab → list retail.
- Strong resale comps for townhouses within 0.25 miles.
- Minimal renovation needed → quicker exit for flippers
Buy & Hold
- Rental-ready property.
- Strong cashflow potential for buy-and-hold investors.
- Basement suite adds strong cashflow potential.
- Estimated market rent ~$2,700–$2,900/month
COMPS:
- 17 Goodport Ln – $525k (Short Sale)
- 2 Goodport Ct – $492,500
- 24 Ramsdell Ct – $490k
POST OCCUPANCY AGREEMENT
- Seller/Tenant remains in possession until Nov 30, 2025 (approx. 75 days after settlement)
- $30,000 security deposit held in escrow with First Class Title LLC
- Property must be delivered in same condition as at settlement
- Final inspection on Nov 30
- New Buyer to receive Oct + Nov rent of $2700 per month + deposit outstanding of $2700
- Buyer access allowed with notice; emergency access permitted
- No landlord–tenant relationship created
- Seller responsible for utilities till vacant