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Sold almost 5 years ago

$30,000

6+ bd 2 ba 0 sqft

1730 North Ellamont St, Baltimore, MD 21216

Residential Duplex Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes
Unit 2 Details
  • Current Rent:
  • Bedroom: 3 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: Yes
  • Off MLS: Yes

$3000 Month Potential Gross Rent! Baltimore, MD

Previous Layout Included: 2-UNITS
Separate Entrances
3 bed/1 bath each
May have potential for use as a boarding house
Original structure built in 1920.
Approximately 2500 sq ft

PROS:
1-2 miles from Coppin State University, Frederick Douglas High School, Mondawmin Mall, and Robert Coleman Elementary
Within 1-2 blocks from 2 different bus stops - 5 different bus lines

In this zip code, rents range from $800-$1250 for 3 bed/1 bath units.
With an average around $1050 a month.
Individual rooms typically rent for $400-$500. For a potential of $3000 a month or more in rent - if renting by room/depending on the layout.

Has been brought down to original studs. 
After minor clean-up and framing,
it will be ready for all mechanicals and finishing touches.

**Will need all trades**
Requires approximately 100K in repairs to bring to "rent ready" condition for the Rosemont area.

Does have a newer roof, windows, and siding. Some windows and siding will need to be replaced. Porch and balcony area are also in need of repairs.

Location:

1730 North Ellamont St, Baltimore, MD 21216

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.