Baltimore City Section 8 Portfolio $138k+/yr Income For Sale

  • $1,100,000

🚨Owner Financing Available @$1.2M Purchase Price w/ $600k down. Seller is open to terms 🚨
FEE: 5%  OF SALES PRICE

8 Property Portfolio Deal
Section 8 Tenant Rent
als in Baltimore City

Asking Price: $1.1M OBO + 5%
(PORTFOLIO PRICE ONLY)
Income $138k+/yr


All properties were recently renovated in the last 5 years, new roof, appliances, floors, HVAC/central air, finished
basement. All have in unit washer/dryer

CURRENTLY RENTED BELOW MARKET VALUE TO SEC 8

Current Monthly Rent: $11,500/m = $138,000/ year!

ARV for all: $1.5m- $1.65m

MARKET VALUE RENT FOR ALL: $14,055/m = $168,660/YR!

 


🏡 3606 Old York rd, Baltimore 21218 🏡
2 Beds, 1 Bath, Approx 1098 sqft, 1 detached car garage
Vacant, was rented at 1400/m sec 8, in the process of getting new floors
Monthly rent: Was $1400/m

ARV: $163-175k
3110 Brentwood Ave SOLD $163k
1 E University Pkwy #130 PENDING $175k

Rental Comps: $1885-1950/m
3205 Westerwald Ave RENTED $1885
743 E 36th St RENTED $1950

Pics:
https://drive.google.com/drive/folders/10ZGs-CCouKtt48-F-KZglOu7q_MHfgnM


🏡 2902 Monument st, Baltimore 21205 🏡
3 Beds, 2 Baths, Approx 1850 Sqft
Vacant currently, but UC w/HABC , $1500/m Contract started dec 1st.
Monthly Rent: $1500/m  

ARV: $180-200k
518 N East Ave PENDING $180k
806 N Lakewood Ave PENDING $199,900
506 N Lakewood Ave SOLD $180k

Rental Comps: $1895 -2k/m
2710 Ashland Ave RENTED $1895
2638 E Monument St RENTED $2000

Pics:
https://drive.google.com/drive/folders/10eLJqyhUL346WtQsZJId26DzWEaAidf2


🏡 3021 Grayson st, Baltimore 21216 🏡
3 Beds, 2 baths, Approx 1176 Sqft
Did not pass inspection, working on getting it to pass inspection (plumbing issues)/need tlc, a work in progress, to be
completed. Was renovated prior to the tenant. Tenant been there 7 years.
Monthly rent: $1216/m

ARV: $200-230k
1903 N Longwood St SOLD $229,900
2901 Baker St SOLD $199,000
1427 N Ellamont St PENDING $210,000

Rental Comps: $1725-1750/m
3203 Grayson St RENTED $1725
3036 Brighton St RENTED $1750

Pics:
https://drive.google.com/drive/folders/10fg0n3LvMYzCvD8YWzE7FLHZ4ZOyfh9J


🏡 1706 W Lexington st, Baltimore 21223 🏡
4 beds, 2.5 baths, Approx 1450 Sqft
No more Habc, tenants now paying cash more than sec 8. Started paying cash 2 months
ago. Yearly lease. Huge 3 level + finished basement.
Monthly Rent: $1700/m

ARV: $245-260k
1523 W Fairmount Ave SOLD $244,900
310 N Gilmor St SOLD $265,000
320 Gilmor St SOLD $260,000

Rental Comps: $1700-1850/m
316 N Monroe St RENTED $1700/m
335 N Stricker St RENTED $1850/m

Pics:
https://drive.google.com/drive/folders/10VVZim0sTDHlsummCHyCMrk9bNKvXFnu


🏡 1309 E Madison, Baltimore 21205 🏡
2 Bed, 1 bath, approx 936 Sqft
Yearly lease. Been staying 7 years. HABC pays $1035/m, Tenant pays $293 cash/m
Monthly Rent: $1328

ARV: $150-159k
819 N Central Ave SOLD $150k
1506 E Madison St SOLD $159k

Rental Comps: $1650/m
819 N Central Ave RENTED $1650

Pics:
https://drive.google.com/drive/folders/10jyWf1zOMtchWgK6fdrc4BP-M4XOTcvg


🏡 3045 Mathew st, Baltimore MD 21218 🏡
2 Beds, 1 Bath, Approx $1450 Sqft
No more Habc, tenants paying cash more than sec 8 now as of June 2024. Govt employee
Monthly Rent: $1500/m

ARV: $180-195k
3103 Frisby St SOLD $180k
916 Montpelier St SOLD $195k

Rental Comps: $1800-2023/m
932 Montpelier St RENTED $2023/m
3140 Ellerslie Ave RENTED $1800/m

Pics:
https://drive.google.com/drive/folders/10VJSPZsqlbp0XEyE2EYPjyRWPQ9f9do9


🏡 713 Springfield Ave, Baltimore MD 21212 🏡
3 Beds, 2 Bath, Approx 1160 sqft
HABC pays 1419. Tenant been there for 4 years.
Monthly Rent: $1419/m

ARV: $180-223k
706 E Cold Spring Ln PENDING $180k
3832 Rexmere Rd SOLD $223k
3728 Ellerslie Ave PENDING $232k

Rental Comps: $1600-1800/m
817 Cator Ave RENTED $1600
514 Oakland Ave RENTED $1850

Pics:
https://drive.google.com/drive/folders/10VQDntkF3UP8dYLPfxRdio8ulYcgu52Z


🏡 752 Barlett ave, Baltimore MD 21218 🏡
3 Beds, 1.5-2 Baths, Approx 1000 Sqft
(one bedroom has no windows, middle of the townhouse)

HABC pays 695/m, Tenant pays $773 Cash. Tenants been there 4 years.
Monthly Rent: $1470/m

ARV: $204k-207k
2227 Cecil Ave SOLD $204k
2005 Cecil Ave SOLD $207k

Rental Comps: $1800/m
655 Bartlett Ave RENTED $1800
655 Bartlett Ave RENTED $1799
2009 Kennedy Ave RENTED $1750

Pics:

https://drive.google.com/drive/folders/104DdOHs_LIPDEkIfcnRoE42rpBp-ru0f


Rent Roll / Sec 8 Receipts & Rental/Lead Licenses
Available w/ POF


443-219-1842
REQUEST MORE INFO

MAKE OFFER 

REQUEST SHOWING

Price:
$1,100,000
Address:
Baltimore, MD
Terms:
For Sale
Property Type:
Townhouse
Year Built:
1920
Basement:
Full Unfinished
Const. Type:
Brick

Additional Features

✅Section 8 Rentals ✅Below Market Rents ✅Recently Renovated

Call (443) 585-0922 for more details

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