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Greg Grant
  • Rental Property Investor
78
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32
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Buying a 2 unit in Baltimore to zone for a 3 units.

Greg Grant
  • Rental Property Investor
Posted Jun 3 2019, 14:57

Buying a 2 unit in Baltimore wanting to zone for 3 units.

Hey Bigger Pockets need some help.

3611 Fairview Ave Baltimore 21216

Let me give you the deal breakdown I bought this on hubzu for $81,900

Rehab $70,000

Rent roll $2,000 for both units

Zoned R-1 passed for duplex

ARV $251,333

There’s space for a third unit on the basement area but how are would it be to get it zoned in Baltimore and does it not being zoned for 3 units bring down the value of the property?

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