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Updated about 8 years ago on . Most recent reply

User Stats

398
Posts
156
Votes
Jamal L.
  • Investor
  • Baltimore, MD
156
Votes |
398
Posts

Wholesale deal in Baltimore With all systems in tact!

Jamal L.
  • Investor
  • Baltimore, MD
Posted
3123 Brighton St. Baltimore MD 21216
3bd 1.5 bth 1160 soft
Only $11.5k

Complete Rehab $30-$35k
Rental Repairs $13-$18k
Average rent $1050
ARV $79k

This property has a solid structure and all systems are in order and functioning. The boiler & hot water heater was recently replaced, PVC from the main water line was replaced and runs through out the basement as well as the electrical panel update. This property needs a roof and cosmetic upgrades to rake in a lucrative return.

Property sale price $11,500
 Closing cost            $1,500
Total acquisition      $13,000

Repair cost         $15,000

$28,000

Income annually $12,600 @ 1,050 more w/ rooms or section 8
vacancy allowance $1,785

Gross operating income $10,815
taxes $1,567
insurance $800
maintenance $700
Property Management (PM) $1,200

Net Operating Income (NOI) $6,538.00 24% ROI

Without PM NOI $7,748.00 27% ROI


More pic here

Fair Market Value for Section 8 In Baltimore City

  • Property Management Available
  • Guaranteed Rent Program
  • http://livinglegacypm.com
  • For Rehab and Tenant placement needs
  • $1,500 EMD to take off market
    Buyer pays all closing cost
    POF required before viewing
  • *Information provided based on estimates. Investors do your own due diligence regarding estimates for precise accuracy.*
  • Call to schedule showing Jamal410-802-8477  
Offering

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