5 unit partially rehab property. Increased ARV for this area

3904 Belle Ave, Baltimore, MD 21215

$320,000 After Repair Value -
$135,000 Asking Price -
$75,000 Cost of Repairs =
$110,000 Potential Profit

Property Details

Asking Price $135,000

After Repair Value $320,000

Costs of Repairs $75,000

Potential Profit $110,000

Living Area 3602 ft2

Property Type Multi-Family

Bedrooms +6

Bathrooms 3

Half Bathrooms N/A

Parking 0

Listed with Agent 0

EPI (Estimated Potential Income)

Potential Rental Income $36,120

Yearly Expenses N/A

Property Taxes $4,885

Net Operating Income N/A

Cap Rate 22%

Property Description

Property is 5 legal unit with respective meters. Slate roof need some minor repairs. Metal white siding is in great shape with a power wash. Rehab interiro is required but gutted and cleaned. some rehab completed, windows, electric, HVAC. Large flat tomography lot. to build tenant parking area or have addition built. Unit size= 1/3br 1b- - 1/2br 1b- - 1/1br 1b- - CAP RATE BASED ON PROJECTED RENT IS 22%!!!!!

Repairs Needed

Plumbing, Flooring, Bathrooms, Kitchens drywall, paint

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