House-Hack with this 2-Unit New Renovation in Baltimore

[Matt Schelberg]

Perfect for house-hacking! Live in one side and rent out the other. This beautiful new renovation of a 2-unit home in Baltimore City was designed to cashflow. The rent from the 5-bedroom unit will pay for the entire mortgage (AFTER allowances for maintenance, capex, and vacancy).

Many investors are doing projects designed for Section 8 in this area, and this house was designed for that purpose.  It has the high-end amenities that Section 8 tenants demand.  The 5-bedroom/ 2-bath unit has 1,900 sqft and estimated rent is $1,700/month.

The 4-bedroom unit has a master ensuite bath and the rooms could be rented out for additional income for unmarried buyers.

Tenants will love the hardwood floors, granite countertops, stainless steel appliances. It is a massive house with high ceilings and an open floor plan. Lots of natural light.

We did a full gut-rehab of this house and replaced the major mechanical systems including electric, plumbing, and HVAC. All new windows, doors, sheetrock, and insulation. All work was properly permitted and inspected; this is a legally-zoned 2-unit.

The separate electric meters will help the owner minimize operating expenses. Separate, high-efficiency HVAC units will help both you and tenants save money on utilities.

Located in a "C" class neighborhood of Park Heights on a good block with great neighbors. There is a new community center 2 blocks away.

3308 W Garrison Ave, Baltimore, MD 21215

Photos and Financial Pro Forma on Dropbox here. Please email me at [email protected] if interested.