I HAVE SWEETEN THIS DEAL!! RENOVATED TURNKEY 3 UNIT SFR DETACHED!

[Paris Wilson]

Great opportunity to own this 3-unit renovated self contained apartment building located on a major bus route in a residential community. I have SWEETEN this deal. I have a company who is subletting each unit to people with disabilities, ie VA Veterans, The League for People With Dishabilles and other organizations. They will be paying buyer of this property $3000 a month and taking care of all utilities and bills. I will make this is a part of the contract contingency.This is a triple net. THAT'S AMAZING INCOME. Puts Cap Rate over 19%.

This is an awesome opportunity for an investor or a first time home buyer! Live in one unit and rent the rest! COMPLETELY RENOVATED. Home is in need of central air. (2) 3/1 Apts. & 2/1 Apartment(RENTED) Shared laundry, forced heat, kitchen w/frig, range/oven.

This property is on MLS for $210k, the owner I personally know and have done several deals with. He wants me to bring my network of buyers to this property and will discount the property by $10k. Asking $190k, ARV $260k, Cap Rate 19%+, Repair cost est. $3k for Central Air. Provide LOI, NDNC, POF to receive lockbox and I will add Property Summary w/additional photos and EMD $5k at time of contract.Continued success to you. See you at the closing table.

PROJECTED RESULTS
Projected Monthly Rent (net of vacancy)	3,277.50
Projected Monthly Expenses	467.75
Projected Monthly Net Operating Income	2,809.75
Cap Rate Based on Cost Basis	14.9%
Cap Rate Based on ARV	14.7%
Assumed Time to Complete Rehab:	0 Months
Assumed Time to Lease Up	2 Months
Total Time between Acquisition and Lease-up:	2 Months

Property Details for STANWOOD Avenue

Interior Features

Bathroom Information
• Main Floor Baths (Full): 1
• 1st Upper Floor Baths (Full): 1
• 2nd Upper Floor Baths (Full): 1

Bedroom Information
• 1st Upper Floor Beds: 3
• 2nd Upper Floor Beds: 2
• Main Floor Beds: 3

Dining & Kitchen
• Table Space in Kitchen

Basement Information
• Has Basement
• Unfinished
• Outside Entrance

Parking / Garage, Utilities, Financing, Location Details

Parking & Garage
• Street Parking

Utility Information
• Heating: Programmable Thermostat
• Fuel: Natural Gas Heating

Finances & Fees
• Tax Year: 2012
• Total Taxes: $4,226.88
• Total Taxes Frequency: Annually
• City Tax: $4,027.97
• City Tax Frequency: Annually
• County Tax: $198.91
• County Tax Frequency: Annually
• Possession: Settlement, Immediate

Location Information
• Directions: BELAIR ROAD TO LEFT ONTO STANWOOD AVENUE (JUST BELOW MORAVIA ROAD). HOME IS ON THE LEFT

Exterior Features

Water & Sewer
• Public Sewer
• Public Water
• Hot Water: Natural Gas

Building Information
• Vinyl Siding

Property / Lot Details

Property Information
• Condition: As-Is condition, Building Winterized, Fixer Upper
• Ownership: Fee Simple
• Block or Square: 5936A
• Election District: 26
• Zoning: 0R040

Lot Information
• Lot #: 056
• Section: 41
• Acres (Lot Area): 0.077135

Misc. Information, Documents & Disclosures

Assessment Information
• Year: 2013
• Total Assessment: $167,800.00
• Total Assessment Frequency: Annually
• Land Assessment: $30,200.00
• Land Assessment Frequency: Annually
• Improvement Assessment: $137,600.00
• Improvement Assessment Frequency: Annually

Documents & Disclosures
• Property Disclaimer

Public Records for STANWOOD Avenue

Taxable Value

Land	$30,200
Additions	$137,600
Total	$167,800

Taxes (2015)$3,960

Basic Info

Beds	—
Baths	3
Floors	3
Year Built	1920
Year Renovated	—

Style	Single Family Residential
Finished Sq. Ft.	2,928
Unfinished Sq. Ft.	600
Total Sq. Ft.	3,528
Lot Size	3,360

CountyBaltimore City

APN5936A056

County Data RefreshedJul 22, 2016