Off-market 34-units multifamily property for sale in Baltimore, MD.

[Stefan Tsvetkov]

2.6 million asking price on a 3.6 million After-Repair-Value (ARV) post cosmetic rehab and lease-up. Estimated rehab is 250k. Property is fully documented with a rental license, Section 8 registration and ready for lease-up. First several units already leased at 1250/2 bedroom and 1100/1 bedroom. Building in great structural condition. Large-sized apartments. 17 units cosmetic rehab already completed. Conservative underwriting assumptions. On-site superintendent on the premises. Possibility to lease-up via Section 8 or other programs.

Seller has spent 1 year evicting all non paying tenants, obtaining rental license, and cosmetically renovating units. They are nearing the end of their financing, and looking to sell the property.

Qualified buyers only. Reach out on Messenger or at 9173783154 for underwriting details or to schedule a viewing.