🔥Hottest Deal - Off-market Baltimore Fix Flip 💰Buy $195K 📈ARV $635K

Baltimore, MD, 21218
Sold
Listed at: July 10th, 2024
Price
$195,000
ARV
$635,000
Gross Margin
$440,000
Sq. Footage
4235
Type
Single-Family
Parking
Carport
Year build
1925
Lot size
0.20 acres
Bedrooms
5
Bathrooms
5
Half Bathrooms
0
Summary

440K+ Gross Margin!

🏡 Massive 5/5 Baltimore SFH For Flip/Rental

Pad Split Opportunity: Rent Out Per Room

 

Buy:  $195,000

ARV: $635,000

Click Here For Pictures

Call or Text Us: 321-384-5006

Key Features

5 Bd/ 5ba 🛁  (4 Full, 1 Half)
Partially Finished Basement
Radiant Heating
Total Area: 4,500 sqft
Fireplace

Property Details

5 bed/5 baths single-family home in a historic neighborhood offers a great opportunity for investors interested in fixing and flipping. Priced at $195k with an ARV of $635k, this 4,500 sqft property has plenty of space for a full renovation.

It features heating, a fireplace, a partially finished basement, and convenient parking with a carport and attached garage. The property sits on an 8,760 sqft lot.

The property is close to a college enabling an investor to maximize rental income by renting out per room.
Pictures: https://drive.google.com/drive/folders/1HtyPM6kCaXo96qbqb1YXp-X5eO6vGJYJ?usp=sharing

COMPS

4101 Saint Paul St, Baltimore, MD 21218

Sold on 03/25/24 

Sold: $808,500

4300 Wendover Rd, Baltimore, MD 21218 
Sold on 05/09/24

Sold: $725,000

 

Investor Analysis


This property presents an excellent investment opportunity in the vibrant market of Baltimore, MD. Located in a rapidly appreciating neighborhood, this property offers significant potential for both short-term flips and long-term rental income. With the right strategy, investors can capitalize on the growing demand in the area and maximize their returns.

Key Investment Highlights:

Gross Margin Potential: Priced below market value, offering a substantial profit margin for a flip.

Strong Market Demand: High demand for rentals due to proximity to amenities, transportation, and employment centers.

Located in a Historical Area:  Unique opportunity to capatlize on a rare LARGE house with huge upside for the right investor. 

Cons:

  • Large Renovation budget needed to have this property sell at or near the suggested ARV. 
  • Market fluctuations may affect profitability.
  • Ongoing management and maintenance costs.

Investment Strategies:

Flip Potential: High ARV potential with significant returns after cosmetic upgrades.

Buy-and-Hold: Steady rental income and long-term appreciation in a strong rental market.

BRRRR Strategy: Ideal for buying, rehabbing, renting, refinancing, and repeating the investment cycle.

Conclusion:

Promising investment opportunities with flexible strategies for immediate profit or long-term gains. Strong market demand and prime location make it a valuable addition to any investment portfolio.

Click Here For Pictures

COMPS

4101 Saint Paul St, Baltimore, MD 21218 

Sold: $808,500

4300 Wendover Rd, Baltimore, MD 21218 

Sold: $725,000

CLICK 'WIN IT NOW' TO AVOID BIDDING WAR $195K!

 

More Details:

  • Year Built: 1925
  • Total Area: 4,500 sqft
  • Heating: Radiant
  • Parking: Carport, Garage - Attached 🚗
  • Lot: 8,760 sqft
  • Brick Construction
  • Roof: Shake / Shingle

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DISCLAIMER:

  • All offers are Cash or Private Lender Only.
  • Deposits for all properties are non-refundable.
  • Properties are sold AS-IS with NO inspection period; Please inspect first.
  • Buyer pays all closing costs for buyer and sellers.
  • Rehab Estimate, Projected Rent, and ARV are ESTIMATES based upon the analysis and opinion of Citywide Investments, LLC, actual repair cost, rent, and/or ARV may vary. 
  • Citywide Investments, LLC is not a licensed contractor or appraiser.
  • Taxes, Insurance, and Closing Costs are estimates. Actual cost may vary.
  • The seller has an equitable interest in this property and is advertising the sale of this contract as it is assignable.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Ellen Harmon

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