5638 Midwood Avenue, Baltimore MD 21212 (Off Market)

For Sale, USD 200,000


5638 Midwood Avenue, Baltimore MD 21212,

Property Type : Townhouse

Property Style : N/A

Build Size : 1,452 ft² / 135 m²

Land Size : N/A

Bedroom : 4

Bathroom : 2

Half Bathroom : 0

MLS#: N/A


Property Description

Value-add duplex in a desirable 21212 location, priced to reflect the cosmetic updates needed. Major systems - including roof, HVAC, plumbing, and electrical - are in solid condition. Brand-new front and rear exterior doors have been installed, and the property is secured with a hardwired ADT alarm with monitoring. Interior unit entry doors will be installed or can be addressed through a seller concession. With an estimated $25,000 in cosmetic improvements, the property could reach an approximate $250,000 value (buyer to verify). DUPLEX - Live in One Unit or Rent Both. Ideal for an owner-occupant, house-hacker, or investor seeking sweat equity. Notable updates include a new sewer and water line (Len the Plumber, May 2019) and roof updates. The property has been registered and licensed with Baltimore City and includes lead certificates (verify status). Investor Highlights (estimates): Market rent (vacant unit): $1,500-$2,000/mo Potential gross annual rent (both units): $24,000-$40,000/yr Estimated NOI (typical expenses): $25,000-$28,000/yr Implied value at a 6%-7% cap rate: $357,000-$416,000 Owner-Occupant Benefit: Rental income from one unit could offset 60%-70% of monthly housing costs, depending on financing. Sold as-is. Inspections welcome for informational purposes. Strong rental potential, updated systems, and flexible living or investment options make this an opportunity worth seeing.
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5638 Midwood Avenue, Baltimore MD 21212, United States,Maryland,Baltimore is a 1,452ft² Baltimore luxury Townhouse listed for sale USD 200,000. This high end Baltimore Townhouse is comprised of 4 bedrooms and 2 baths. Find more luxury properties in Baltimore or search for luxury properties for sale in Baltimore.