Baltimore, MD Rowhouse

Like many east coast cities, Baltimore’s dense inner-city streets are lined with tens of thousands of rowhouses, mostly built in the early part of the 20th century (think Hairspray). This typical brick rowhouse on the west side of Baltimore is listed for $34,000. The foreclosee here paid $76,500 for this house about two years ago (7/13/2006). Zillow.com estimates that the value of this REO is currently $86,500… over 2.5 times higher than the property’s current listing price.


This property, with a $5,000 to $10,000 basic rehab, could be rented for $700 to $1,000 per month, delivering a decent positive cash flow to an investor. This is a good candidate for section-8, and will likely be a nice investment opportunity for whoever grabs it.



The basics...
Address: 2121 West Saratoga Street, Baltimore, MD 21223
Current Listing Price: $34,000
PREVIOUS Sale Price: $76,500 (7/13/2006)
Size: 3 Bedrooms, 2 Bathrooms; 1,147 square feet
Lot: .03 acres

http://www.realtor.com/realestate/baltimore-md-21223-1101799505/