Turn Key 2 Unit Rental Property - Ready for new Investor
This property was purpose built as a 2 unit home. Each floor is a self contained 1 bedroom apartment complete with it's own kitchen, bathroom, living area and bedroom. Each unit is separately metered for gas and electric. The basement is unfinished and could be put to productive use with a coin operated washer and dryer for the tenants use. There is currently plenty of on street parking but there's also room in the back to provide off street parking too.
The current owner has meticulously improved and renovated the property and it is ready for you to put your own tenants in this property and make it a money maker for your portfolio. This even makes sense for a home buyer to purchase and live in one unit and rent the other one out. The rear of the property could easily be converted to a parking pad to provide off street parking for the tenants. The more value you add, the higher the rent you can achieve.
Whether you are a new investor or a seasoned investor this property just makes sense. Priced at just $59,900 it is possible to put 20% downpayment and rent each unit for $750 per month, a neighbor is charging $800 per month in his property. Let your tenants more than pay for the mortgage and put the rest into your 401K or self directed IRA and save for your next property.
The property is located at 4227 Audrey Ave in Baltimore City's Brooklyn neighborhood. The neighborhood is a strong rental community where there are more tenants than home owners. The numbers make sense.
If you are thinking about investing in real estate and want to get started give me a call today and we'll talk about your investment goals, what kinds of properties and where to invest and I'll help you get started on your way to building a portfolio you can depend on.
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