Motivated Seller: Renovated Townhouse at Half-off List Price

[Matt Schelberg]

Well maintained end-of-group townhome in Violetville neighborhood of Baltimore. Rent-ready and nearly half-off the list price. This beautiful home was renovated for a retail sale, but seller priced it too high and didn't receive any offers.  She is now motivated and we have it under contract for nearly 50% of the October 27th list price.  

New kitchen and bath; roof 2 yrs old; heating system 4 yrs old. Saint Agnes Hospital 1 block away provides excellent base of potential tenants.  Rents average $1275 -- this is one of the nicest and largest houses in the development so you may be able to push $1300.

-Hardwood floors throughout

-Updated plumbing

-Updated electric

-Boiler 4 years old

-Roof 2 years old

ARV: 110k

Repairs: $1,500 (new front door and repairs to fence -- both are serviceable but it will improve aesthetics)

Additional photos on Zillow here. BP Rental Calculator numbers here (on Google Drive, please PM me if you can't access).

Cash offers only -- absolutely must close by Nov 19th -- this is the only reason seller is discounting the price so heavily.  She needs a fast cash transaction.  Title work is in progress.

Please send me a PM if interested.  Must have proof of funds for showing.

[Matt Schelberg]

I appreciate the kind words, @Russell Brazil. This deal is a testament to the BP community.  It was the result of a direct mail campaign I did with my partner, TJ.  Just to list a few of the BP highlights:

• We learned about how to run a successful direct mail campaign through BP podcasts.  
• We did the direct mail campaign through BP member @Michael Quarles.  
• The BP member who is the assignee vetted the deal through a property manager also here on BP.

Pretty awesome community we have here!