Photos: https://www.dropbox.com/sh/204y0qbelkmkda9/AACT-yL6hy8ESbHAc5Z3rnDHa?dl=0
Highlandtown hidden gem! This property has tons of potential, located right in between Highlandtown & Greektown you couldn’t ask for a better location to buy and hold in Baltimore city.
Lower level unit – 2 Bed 1 bath
Upstairs unit – 3 Bed 1 bath
Average 3 Bedroom rent $1900-$2,100 a month
Average 2 Bedroom rent $1,400-$1,600 a month
CAP Rate 18.7% (Calculated with $75,000 rehab budget)
ARV $240,000 (Single Family Homes on the same block)
Property Features
- End of Group
- Multi Family
- 12 Ft Ceilings (upstairs unit)
- Separate Entrances
- Cobblestone Street
- New construction in the neighborhood
- A few blocks from major highway (I-895)
- 5 minute drive to John Hopkins Bayview
Deal Analysis – https://dealcheck.io/s/-MXBo9fiQ8I5jiYxuMuR
Recently Sold – 427 S Lehigh St Comps
A lockbox will be placed on the property this weekend. POF required for access. $2,500 EMD required within 24 hours of accepted offer.