12220 CENTERHILL STREET

SILVER SPRING, MD 20902

Investors and Owner Occupants: Turnkey operation. IMPORTANT: Regarding licensing. Owner occupants do not have to license the two units they are renting, regardless of which two. If you are an investor and do not plan to live in the house, you may license any two of the three units but zoning is for two units only. That does not mean you couldn't use the other unit for an office or storage to get other income but it cannot be a residence so think outside the box. Use it as an office and write it off. Or lease it to one of your tenants for extra storage, etc. You also have a storage shed that could be leased to a self employed contractor or other entrepreneur that needs storage for goods, materials, etc. OR open door to upper studio and rent it as office with the big house as it was before. OR rent both studios to same tenant. One studio is rented, the other is available as is the main house if you want to live in one of them. Studios rent for over $1000 apiece and main house would rent for high $2000's or low $3000's. Agent will rent one of apartments as part of the deal if you wish. Two studio apartments opening to deck in backyard provide over $2000 of rental income each month. Owner built a balcony with French doors to dining room of main house and the rear deck is large enough to host parties of 50+ people. Behind the deck in the back yard you have a cabana with a fireplace for chilly summer nights and fall get-togethers. Inside, the master has two walk-in closets, an electric fireplace and room for a king sized bed and office (two rooms were combined to make the sumptuous master). Upstairs there are two linen closets and the bathroom is black and white ceramic tile with a dramatic black tile floor. On the first floor, the kitchen was renovated during 2020-2021 with granite, stainless steel and lots of ceramic and upgraded cabinets. The living room, dining room and kitchen are open concept for entertaining groups. Shining blonde hardwood was installed throughout the first floor in 2010 replacing the original damaged hardwood floors. Around 2012, the unfinished basement was finished to provide a snack bar in the bedroom area (2 bedrooms, one with a walk in closet) and a full bath with a ceramic shower stall was installed. The rear portion of the basement was used to create a studio apartment with a bedroom and bath. The back of the first floor was partitioned off to create another studio apartment with a bedroom, full bath with a ceramic shower and a kitchenette. There are so many thoughtful touches in this home: decorative built-in shelving along the ceilings for pictures, CDs and DVDs, wine glass holder above the snack bar downstairs, exterior lighting along the brick walkway at the side of the house, wrought iron gate for security (to the back yard and apartments), producing apple tree in the front yard, long stick-built shed in the back yard for tool storage. No deferred maintenance here! Studios remodeled 2 years ago, 2012 master bedroom renovated, hot water heater is 3 years old, furnace is 4 years old, pitched roof is 2 years old (architectural shingles not the flat roof, kitchen renovated during COVID, Entire home has 3100 sq. feet of living space according to County inspectors. Come and see if this works for your new home in Silver Spring. And easy walk to bus stop, long walk but doable to both Glenmont and Wheaton metro stations. Just a few blocks from the Wheaton HS and Vocational School. Although the home is in great condition, the owner is selling AS IS because he has moved out of town. Freshly painted, wall repair done. Home inspection was already done and findings are available to interested parties.

Listing courtesy of CASAS Real Estate, Inc.



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