This fantastic multi family home is located in Walbrook which is just just 3.6 miles from Downtown Baltimore and just three minutes ( 0.7 miles ) from Coppin State University. The property is currently being updated and included in the price is $20,000 which includes a new renovated basement, titled bathrooms and an updated kitchen. The property has also only just received a new roof just 2 years ago. The $20,000 in work will be completed when the new owner takes possession. The works will take between 7-10 days to be completed. Once the works are completed the management company have tenants ready to move in..
Walbrook is a new area in demand for investors. The university is in the midst of an incredible building boom. With the expansion of Mondwamin Mall, the whole area is changing and going through a revitalisation. Coppin St. University is truly breathing life into this community. Capital growth in this area is predicted to be very good.
• Three bedrooms.
• Two Bathrooms.
• Full Basement.
• 2,003 sqft lot.
• Local staff.
• Fully managed.
• Multi unit.
Purchase price: 92
Gross annual rental income: $21,600
Property running costs: $3,368 (Tax, insurance and management costs)
Net annual rental income: $18,232
Investment calculation - Net Income divided by Purchase price = NET ROI.