Eight bedroom house

Full Description

This large multi-family home is located on a nice street in Central Park Heights close to Downtown Baltimore.The property is made up of two huge apartments, you have a large three apartment on one side and a large five bedroom apartment on the other side, the meters are separated. The property is currently undergoing a refurbishment and the management company already have tenants ready to be placed. This property comes with a $2,400 rent guarantee, you will be paid $2,400 in rent on the day of closing while the works are been finished off and the tenants are being placed. This is one of the best rental properties available in Baltimore today and is under management by a great local management company.

Central Park Heights is a very central location and is highly sought after by investors, due to its close proximity to Downtown Baltimore rental demand is very high. It is also right next to US-40 Motorway which is one of the main Motorways between Baltimore and Washington DC.

Investment Details

Purchase price: 89,900

Gross annual rental income: $28,800

Property running costs: $4,470
(Tax, insurance and management costs)

Net annual rental income: $24,330

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 27%

Key Information

Property ID: 36399928
Price: £70,568
Property Type: Townhouse
Categories:

  • Residential Property
  • House

This huge eight bedroom multi unit is amazing value at $89,900...