427 S Lehigh St – Highlandtown 2 Unit EOG! Sold

  • $135,000
  • 5 beds
  • 2 baths
  • 1,650 sqft

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

  1. End of Group
  2. Multi Family
  3. 12 Ft Ceilings (upstairs unit)
  4. Separate Entrances
  5. Cobblestone Street
  6. New construction in the neighborhood
  7. A few blocks from major highway (I-895)
  8. 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.

 

Price:
$135,000
Address:
427 S Lehigh St
Baltimore, MD 21224
Square Feet:
1,650
Lot Size:
1,050
Bedrooms:
5
Bathrooms:
2
Terms:
For Sale
Property Type:
Multi-family
Year Built:
1915
Basement:
Partial Finished
Const. Type:
Brick

Call 410-251-8343 for more details

Property Location