4-Bed EOG Townhome in Rapidly Growing Baltimore Neighborhood

[Matt Schelberg]

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.