Cash Flow Machine on Quiet Wooded Block in Baltimore City

[Matt Schelberg]

Beautiful townhouse overlooking wooded park. Ready for moderate rehab to make a great cash-flowing rental. Elevated main floor ceilings, sprawling hardwood floors. New windows, electric service, light fixtures, kitchen floors (all Aug '17). The high-value Woodberry neighborhood is 3 blocks away. 

The neighborhood: House is surrounded by trees -- a forested park is directly across the street and there is a wooded lot directly behind the house (rare for the city). There is an actively involved community that organizes a trash cleanup each summer to keep the neighborhood in good condition.

Market rents: $1,200-$1,250.

Voucher rents: $1,400- $1,600.

Rehab Estimate: $24,000+/-

ARV: $95,000 (sold comps on block range from $85,000-$105,000);

Type of Deal:  Standard sale - I own this outright

Dropbox link with Photos; BP Rental Calculator; Comps

Reply to this post or call me at 443-333-9296 for additional details or a tour.