5558 Midwood Avenue, Baltimore, MD 21212
*** 2 Apartment Duplex ***
— Chinquapin Park Neighborhood —
Based on Current Cap Rate of 9.5%
|Address||BR FB HB||Sold Date||DOM||List Price|
|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|