Low priced cash cow in Baltimore
This will be auctioned - Mon. May 21 @ 12:30PM EDT
The reserve is low and the starting bid is only $10,000. The price listed is the estimated price I expect the auction to get. Expected rent $6-800. At the expected sales price this crushes the 2% rule. it is more like 3-4%.
This property was recently lived in, and has had some updates. The extra low taxes $354.00 (2017-2018) will make this a solid cash cow.
Out of state bidders can bid by phone. More pictures and details at
http://www.ashlandauction.com/auctions/detail/212-...
Offering