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Archived almost 2 years ago

$850,000

3 bd ba 4014 sqft

9127 Sligo Creek Pkwy, Silver Spring , MD 20901

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$5,500

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Off Market Flip or BRRRR Opportunity

Off Market listing with tons of opportunity in a prime location. House is over 4000 sq ft with front entrances to both the basement and upstairs home, which makes for an easy duplex conversion. Basement already has tall ceilings around 9 ft and an open layout. Converting the garage into a bedroom would easily allow the basement to serve as a 2 bedroom 1-2 bathroom apartment. Upstairs you have over 3000 sq ft with 3 bedrooms upstairs already and untapped potential for the attic space.

This is a full renovation with a recommended budget of $250k and an ARV of $1.25M+

Off market currently due to the sellers emptying out the home. If no contract is agreed to then it will hit the open market in mid January. Reach out to me at 301-943-0355 with any questions.

Location:

9127 Sligo Creek Pkwy, Silver Spring , MD 20901

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.