5558 Midwood Avenue, Baltimore, MD 21212
*** 2 Apartment Duplex ***
— Chinquapin Park Neighborhood —


ARV: $132,667
Based on Current Cap Rate of 9.5%

Address BR FB HB Sold Date DOM List Price
833 Benninghaus 3/1/1 10/31/12 41 $140,000
809 Benninghaus 3/2/0 03/31/13 0 $124,900
1035 Witherspoon 3/1/1 03/28/13 175 $134,700
Area Results $1,800 per month ($875 to $950 per unit)

Why You'll Like This Deal

Location — location — location…Just off Belvedere Ave close to public transportation and centrally located in an area known for good rental properties. This is a must see with excellent cash flow (see Property Income Proforma).

Structurally sound with plaster walls and hardwood floors throughout this is a unique 2-Unit building excellent for the buyer who is looking for cost effective housing — live in one and rent the other or the investor who is looking for a property that has great bones in a great homeowner neighborhood.

Room sizes are spacious and the kitchen is “eat-in” proportions.

Tenant privacy means tenant satisfaction and the design of this property is terrific on this point. A private front entrance for each tenant plus a back stairway that runs from the second floor all the way to the basement insures both tenants have convenient access to a laundry storage area without interfering with each other.

As the price reflects the property needs work. However, it’s easy stuff — and it can all be done quickly so you will have this generating cash flow before Memorial Day.

Multi Family: 2 Stories Plus Full Basement
Living Room 16 x 11
Kitchen 10 x 6.4
Master Bedroom 11.7 x 11.2
Bedroom 1 11 x 9.4
Bathroom 6.4 x 5.6
Full Basement 30.11 x 20
5558 Midwood Avenue • Baltimore, MD 21212

Click Here to View Our Profit Forecast

Living Area: 1452st
Year Built: 1948