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Updated over 8 years ago on . Most recent reply
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Need opinions on an area in Baltimore City
Hi folks I have the opportunity to pick up a couple turnkey rehabs - two 3BR units in a building side by side. They are near the intersection of Denison Street and Gwynns Falls Pkwy. Any opinions on that area for both rental and resale appeal? I am a buy and hold rental investor in Baltimore City but I dont know the local neighborhoods that well as I live out of town. I rent my units section 8 - but I like to buy in areas that have a reasonable percentage of owner-occupiers and that will have resale appeal some day to owner-occupiers as well.
thanks jeff
Most Popular Reply
This is a C- neighborhood. Certainly not a resale area. If your turnkey is lead free, rented for $1000 month and your purchase price is less than $50,000 it is OK. Anything more and you are overpaying. You can certainly do better in terms of location and price.