5144 Massachusetts Avenue

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5144 Massachusetts Avenue

Bethesda, MD 20816
Asking Price
$12.99M
Asset Type
School Retail
Class
Class B

What's Special

Institutional Quality 4 Star Church Adjacent To Washington, DC's Wealthiest Neighborhood <p>SIGNIFICANT PRICE REDUCTION! This iconic, institutional four star church property sits in one of Maryland's wealthiest neighborhoods...just a block from DC's wealthiest neighborhood (Spring Valley). This 28,700 sf church is one of only six churches in all of Maryland rated 4 stars by Costar (and the only one in Montgomery County). The property sits on 2.135 acres of R-60 zoned land, and there is redevelopment potential. Cell tower equipment in the steeple brings in $84k per year. There has a

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NOI
$80,000
Cap Rate
0.62%
DSCR
0.10
Underwater
Cash-on-Cash
-17.74%
Monthly Payment
$64,292.17
Annual Cash Flow
$-691,506.036

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