🦄 Meets 2% Cashflow Rule (Fully Rented, Updated Duplex) Pending

  • $49,950
  • 3 beds
  • 2 baths

Meets 2% Cashflow Rule (Fully Rented, Updated Duplex)

615 Bartlett Ave, Baltimore, MD 21218


Details:

Fully rented Duplex, very clean and updated in past 5 years! Separately metered, $1000 in cashflow (combined rent) per month

  • Unit 1: One (1) bed/ 1 bath, first floor only ($350 per month)
  • Unit 2: Two (2) bed/ 1 bath, second and third levels ($650 per month)

 

Deal Economics:

$49,500 PP

$9,900 (20% down)

$381.17 monthly payment (assuming 6%, 15 year amortization, 20% down)

=$618.83 Net income per month

 

County: Baltimore City, MD
In City Limits: Yes
Municipality: Baltimore City
Subdiv / Neigh: EAST BALTIMORE MIDWAY
Election District: 9

 

Rooms
   
Bed Bath
Main 1 1 Full
Upper 1 1 1 Full
Upper 2 1
Building Info
Basement Type: Full
Construction Materials: Brick
Lot
Lot Acres / SQFT: 0a / sf
Ground Rent
Ground Rent Amount: $150 / Annually
Capitalized Value: $2,500

 

Parking 
Total Parking Spaces  Unknown
Features: On Street
Interior Features
Interior Features: Combination Kitchen/Dining, No Fireplace, Accessibility Features: None
Utilities 
Utilities: No Cooling, Cooling Fuel: Electric, Heating: Forced Air, Heating Fuel: Natural Gas, Hot Water: Natural Gas, Water Source: Public, Sewer: Public Sewer

 

 

Purchase Price: $49,950

 

Submit Offer

Price:
$49,950
Address:
615 Bartlett Avenue
Baltimore, MD 21218
Lot Size:
2,350
Bedrooms:
3
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1920

Call 410-316-6197 for more details

Property Location