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Archived over 1 year ago

$89,000

3 bd ba 1600 sqft

940 E 41st, Baltimore, MD 21218

Residential Townhouse Occupied

Current Rent **

$900

Projected Rent **

$1,700

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Great Flip or Buy and Hold Property

Location, Location, Location!! This property is located in a quiet neighborhood of Pen Lucy and close to Northwood. This gem is only a 15-minute walk from the bustling newly redeveloped Northwood Commons Shopping Center. Plus, with Morgan State University and Johns Hopkins University each just a 5-minute drive away, this location couldn’t be more ideal for both steady rental demand and capital appreciation. This 1943-built property is 1080 sqft above grade and 540 below. There is space in the back to add a garage and parking pad.

Property is currently being rented monthly, but the tenants are preparing to leave. There are about $4400 of unpaid water bills on this property. There is an additional 3.5% fee to the buyer on purchase price.

Message or call 240-441-9819

Photos/Vidoes: https://drive.google.com/drive/folders/1-73-16iREW1qYVS3AaRVtppVdt5Jk-qt?usp=sharing

Location:

940 E 41st, Baltimore, MD 21218

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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.