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Updated over 7 years ago, 07/09/2017
Druid Hill Avenue, Baltimore Maryland - how does the area rank?
Hello: I'm looking to buy my first investment property to use as an income rental property. I see some properties in Baltimore MD on Druid Hill Avenue, which is in the neighborhood of Druid Heights. This is a Historical District. How is this neighborhood now in terms of safety and other characteristics? My research has indicated that several murders have taken place on this Avenue within the past couple of years. This street has been described as up and coming because it is Station North. I'm looking at a property that has been foreclosed on wherein the price or starting price is listed as around $20,000 - the property looks like a shell - like it would need at least $80,000 or more for rehabilitation. Would it be worth purchasing and rehabilitating if I want to buy, and hold in order to create a rental property for myself? The comparables also seem to only sell for $20,000. Yet this particular property of interest that I'm interested in purchasing is assessed by Zillow at a little over $100,000.
Also, thank you, @M Marie M. and @Ned Carey
Thanks Mariama for the question. I'm in Essex, Md and looking to buy. @ Ned Carey, thanks for the zip codes to look into!
You're welcome, Agnes.