Rental Ready property or Flip opportunity in Pigtown!!!

[Joseph England]

I am a rehabber and I am wholesaling this property because unfortunately I have too much on my plate right now to take on this property. 

This property is in the up and coming Pig Town/Washington Village area of Baltimore(21230). The property is located on a quiet street 1/2 mile from both Camden Yards and M&T Bank Stadium. As well as 3/4 mile from University Maryland Medical Center. This is one of the hottest areas in Baltimore right now.

This is rental ready property that needs a few repairs. My main GC has estimated the repairs around $6K to make rental ready. This includes HVAC replacement(less if it can be just be repaired), painting the whole house, and other small miscellaneous repairs around the house. The rental comps are around $1,100 a month in the area.

This also has the possibility of being a flip with a ARV of about $140,000. The Basement would need to be dug out slightly and refinished with a bedroom and bathroom, as well as redoing the concrete pad to make a parking pad. My GC has estimated that this included with the other updates will cost about $20,000.

I have included my google drive link with all the pertinent information. It includes the wholesaling opportunity packet (includes the numbers and all the comps) inspection report, and more pictures.

Property Evaluation:

Wholesale Ask Price: $65,000

Estimated Rehab Costs: $20,000

Closing Costs est. (purchase): $4,000

Closing Costs est. (sale): $8,400

Estimated Project Duration: 1-2 months

Estimated After Repair Value (ARV): $140,000

Estimated profit: $42,600

https://drive.google.com/drive/u/0/folders/0BxCjC0meEHIscm0ybW9Sd091LXM

If you are interested email me at [email protected]