Pigtown Baltimore City

[Marissa Cowan]

Good Afternoon BP family. I am looking at Baltimore City to buy my second buy and hold property. I will be purchasing a tax lien from the upcoming 2018 tax sale over the counter ( this is a way to get my feet wet). I have gone through the Pigtown section of Baltimore City and I have some questions. It appears as if the neighborhood has a lot of boarded up properties and the area seems run down HOWEVER it is right next door to the Ravens Stadium, Orioles Stadium, downtown, and MD University Baltimore. Location is everything in real estate as we all know however I wanted to know if I am missing something. The location is perfect however the neighborhoods are in horrible condition. If anyone has any advice about this area of Baltimore City I would greatly appreciate it. Thank you!

[Nicole B.]

It looks like in the last 6 months, there have been a few purchases under 90k by RE companies and then some market....

830 Woodward St (likely a flip) 162k

633 Archer St 176k

744 McHenry St 197k

853 Washington (likely a flip) 252k

Are you planning to buy and hold or flip?  There have been 22 sales in the last year, 7 over 130k.  7 rentals, averaging $1200.  In general, I'm seeing most action (sales/rentals) on Washington Blvd, Carroll, and Carey St.