Selling 3 Turnkey rental properties in baltimore city. Properties are all in good condition with almost no work to be needed. All properties have been fully renovated in 2014 and kept up. All properties have central air(4 years old). Water heater(4 years old). All properties cash flow very well. Properties are for sale as a portfolio/ together. We would be willing to sell individually. Some more info : The fed has already given a 21 million grant to MD to start development on the maglev train from DC to Baltimore. This by itself will create higher prices due to home prices near DC. Actually, its already happening. Many millenials are buying in baltimore due to home prices w/ decent commute to DC. Reason for selling. In the process of acquiring an apt building in the city. Extra capital is needed. Just buy, rent and watch prices go up. You know....DC used to be as bad as baltimore.....imagine if you bought DC 10 years ago!!! Baltimore will follow.
Selling all 3 for $170k. Total cash flow - $3800-$4000 per month. Currently gross cashflow is $2600. Once Culver is OCC it will be $4000 per month!!!!
Please keep in mind. 2 of the 3 are OCC. Only serious buyers w/ POF!! Coordinating visits arent easy. Open house will be scheduled after thanksgiving weekend.
Spend $170k and get back $40k+gross per year!!! No brainer!!
327 Washburn ave
baltimore md 21225
4br/1bath. Partially finished basement
Retail price / ARV - $110k/ Selling for $81k
Rents for $1300 per month. Tenant pays water/electric/ gas.
- OCC with great tenants. Mother and daughter. They are planning on staying.
- 4 year old central heat & air/ Water heater
- All tile and wood throughout.
- This is in the brooklyn area of baltimore. Its one of the few water front area properties that have not started developing yet. It will in the near future. During the housing boom. This area was planned for heavy redevelopment which was put on hold due to economic conditions. It will in the future. Check the map. Also brands like underarmour has already started heavy development across the water in baltimore nearby in port covington. Check the map.
- Section 8 possible. Previous tenant was section 8.
- needs almost no repairs.
101 S. Culver st
Baltimore MD 21229
3br/2.5bath. partially finished basement
Retail price / ARV - $90k Selling for $72k
Rents for $1300 per month. Tenants pay water/elect/gas
- Currently vacant, about to finish updates. Updated kitchen/ upper bath. New paint. New carpet upstairs
- After updates...should have no doubt rent can go $1400 month. In fact, the previous tenants paid $1400 month (section 8) at the previous condition.
- Wood & tile throughout.
- 4 year old Central heat/ air & water heater
- Section 8 possible if requested.
- Needs almost no repairs.
- You can also buy portfolio and sell this on the market!!!
1726 Appleton st
Baltimore MD 21217
3 BR/1bath Unfinished basement
Retail price / ARV - $65k Selling for $47k
Rents for $1400 per month. SECTION 8!!! PAID BY THE CITY!!! Tenants pay water/elect/gas
- Currently OCC with great longterm tenants. Mother, son & daughter(3-4 years already) Planning on staying.
- 4 year old Central heat / air & water heater.
- Wood & tile throughout
- Needs almost no repairs
Please call 57one 26nine 311nine Ask for Jay. Thanks