Investor · Gwynn Oak, MD · Member since 2010 · 115 posts · 10 votes
AMAZING 14%+ CAP RATE!! MORRELL PARK!! Hidden & Quiet Neighborhood. Retirement Home on Corner. Great neighbors. Great starter home or investment property. Needs TLC. Close to major travel routes, Carroll Park Golf Course, convenient to downtown and Raven & Oriole Stadium. This is a must see. Property is being sold "as is"
Asking $34.5k, est. repair cost $30k, ARV $90k, Cap rate over 14%. Please provide POF to view property and $3k EMD at time of contract. Cash and/or Private/Hard Money Financing ONLY. Continued success to you. See you at the closing table.
For additional info, pics & detailed property summary and analysis, see link below: