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Jonathan Passley
  • Real Estate Investor
  • Towson, MD
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Townhouse in Balitmore, MD - Fells Point 21231

Jonathan Passley
  • Real Estate Investor
  • Towson, MD
Posted Mar 9 2015, 08:52

Property: 2029 Eastern Ave. Baltimore, MD 21231

Type: Rowhome (end of group)

Sale Price: $140,000

Estimated Repairs: 40k

After Repair Value: $250,000 - $260,000

Area Rentals: $1,300 - $1,800

Bedrooms / Baths: 2 / 1.5

Square Ft: 1,540

Pictures: https://www.dropbox.com/sh/jw1rjhejdnm7nzb/AACrzUWrNp-5lDnDdlYeuKqma?dl=0

Notes about property:

Wood floors

Exposed brick

Located a short walking distance from the water

Close to Boston St w/ easy access to Canton and the Harbor

Repairs (w/ possible estimates)

  • Flooring (refinish hardwood & misc)– 5k
  • New Kitchen – 15k
  • 2 New bathrooms – 12k
  • Windows – 2k
  • Misc – 5k

Total estimated repairs = 39k + 10% contingency = $42.9k

Comps :
2234 CAMBRIDGE St – $234,000

https://www.redfin.com/MD/Baltimore/2234-Cambridge-St-21231/home/9861847

2533 FLEET St – 263,000

https://www.redfin.com/MD/Baltimore/2533-Fleet-St-21224/home/28671563

2607 FOSTER Ave - $267,500

https://www.redfin.com/MD/Baltimore/2607-Foster-Ave-21224/home/9868501

523 CHESTER St - 210,000

https://www.redfin.com/MD/Baltimore/523-S-Chester-St-21231/home/9860699

Offering