4-Bed EOG Townhome in Rapidly Growing Baltimore Neighborhood
End-of-group townhouse in the rapidly developing Station East community for under 50k! Vibrant, up-and-coming neighborhood blocks from Johns Hopkins Medical Campus in Baltimore, Maryland. Huge house on a wide, tree-lined street. Works as both a rental or a flip.
ARV: 190k. This is conservative and based on a recent appraisal of one of my rentals several blocks away. Appraisal dated March 2018; available upon request.
Comps: See comps here. There are MANY comps within a 3-block radius.
Rental Rehab Budget: $65k if keeping current floorplan; budget includes all new kitchen, bath, mechanicals, windows, doors, masonry point-up, etc.
OR
$85k if demo'ing interior walls and framing a new floorplan, adding add'l bath.
My estimates assume investor manages the subs; no GC. Please do your own due diligence.
Brand new natural gas line from street (Feb 2018).
New furnace 2016, but budget to replace ductwork.
Electric is on.
Why am I selling? I purchased this property in February from a distressed seller. But I have 4 rehabs going (including 2 in this neighborhood) and my time and money are stretched a bit thin. Selling reluctantly.
Photos: Dropbox link here.
Please message me for a showing or additional info.