8602 Welbeck Way Montgomery Village, MD 20886

Excellent Investor Opportunity to acquire fifteen 100 percent leased scattered site condominiums in Montgomery Village. This unique Montgomery County portfolio offers the savvy investor the ability to significantly increase the cash flow as leases expire (14 of the 15 leases expire by July 2024, while 50% of the leases expire by March, 2024). There is also the ability to execute a for sale strategy to sell the units individually at lease expiration. The investor may also choose to assume the below market 4.9% interest rate. The portfolio is not affected by the new Montgomery County Rent Cap and 2 year lease renewal laws allowing for re-tenanting to increase rents above the current 6% cap. This diverse portfolio includes three 1 bedroom, eight 2 bedroom, one 3 bedroom and three 4 bedroom units. Many have new HVAC unit and new appliances. The tax assessment is for the unit at 8602 Welbeck.