Great Equity! Affordable & Occupied Section 8 Rental near Stadiums Sold

  • $134,900
  • 1 beds
  • 1 baths
  • 1142 sqft

Today we’ve got a very affordable and tenant occupied Section 8 rental 🏡 in the popular rental neighborhood of Washington Village.

-Walking distance to 👩‍🎓University of Maryland, 🌆Downtown, the ⚾️ Orioles and 🏈 Ravens Stadiums 🏟🏌️Top Golf, the 🎰 Horseshoe Casino and more.

-Fully renovated in 2011🏚➡️🏠 and very well maintained since, as photos convey.

-Lots of renovation in the neighborhood with high comps on fresh renovations on the same street pushing into the 240’s!

-Currently under rented at $1299/mth via Section 8. However the program pays $754/mth of tenant rents for guaranteed income💰

-We generally achieve 3% rental increases yearly from the program 📈 to keep your income increasing over time 💵, or we can replace the tenant to get up to current market. Buyer’s choice.

Renovated Comparables:
-1212 Cleveland St sold 08/24 for $173,000
-1236 Cleveland St sold 07/24 for $239,900
-1154 Cleveland St sold 07/24 for $185,000
-1227 Cleveland St sold 06/24 for $245,000
-1238 Cleveland St sold 06/24 for $245,000

 

 

More About Washington Village/Pigtown 

 

 



 

Washington Village / Pigtown ZIP codes: 21230
Pigtown’s biggest draws are its diversity (social, economical, and racial) and location. The neighborhood is gaining in value but is very affordable, attracting students, retirees, and singles, and young couples and parents. Those who call Pigtown home love its proximity to downtown, I-95, Federal Hill, the MARC train, and the stadiums. With a very involved community, Pigtown is growing rapidly and welcoming more and more new residents, businesses, and organizations. The Pigtown Historic District comprises some 36 city blocks lying in Southwest Baltimore, south and east of the Baltimore & Ohio Railroad yards. Developing initially as a community for railroad workers in the 1840’s, along Columbia Avenue (now Washington Boulevard), Ramsay, McHenry and Poppleton Streets, the area grew rapidly to the south during the industrial expansion of the 1850’s and 1860’s. Small two-story houses were built for workingmen on the narrow streets running south of Washington Boulevard with three-story gable-roofed houses and then early Italianate house lining Washington Boulevard and Scott Street to serve as housing for shopkeepers and upper-level managers. Development of the Pigtown is intimately linked with hallmark events of the Industrial Revolution in Baltimore, particularly the growth and development of the B&O Railroad, the nation’s first. In the 1980s, in an effort to reinvigorate Pigtown, the neighborhood name was officially changed to Washington Village. The true name of the neighborhood is still under debate. With the rise in property values and the influx of newcomers to city life in the late 1990s through today, Pigtown’s population and quality of life has consistently risen. In the early 2000s, Pigtown was designated an Empowerment Zone, bringing new businesses and homeowners. This effort has continued with its designation as a Main Streets Community, which promotes Pigtown’s eclectic business corridor. Recently, Baltimore’s west side has been targeted by the mayor’s office as an are of focus for major developments and investment, which will no doubt continue to grow Pigtown in value and quality of life. Today, Pigtown is a community of renters, homeowners, and businesses. Residents are socially, racially, and economically varied, making Pigtown one of the most diverse neighborhoods in Baltimore city. Pigtowners are very proactive in their neighborhood organizations, contributing to the continuing growth, quality of life, and improvement of Pigtown. Pigtown’s energetic community, diversity, value, growth, and GREAT location continues to attract new residents, businesses, and development. Big things are happening in Pigtown!

 

 









 

What else do you have available?

 

 

Take a look at other Baltimore market specific properties by clicking here. Note that we always have more projects in production as well and much of our inventory is sold before it ever makes it to our site or email list, so the best way to get the inside scoop is to call Cris directly.

 

 

Click to call Cris now.

 

 

Price:
$134,900
Address:
1135 Cleveland St
Baltimore, MD 21230
Square Feet:
1142
Bedrooms:
1
Bathrooms:
1
Terms:
For Sale
Property Type:
Row-house
Year Built:
1898
Basement:
Partially Finished
Const. Type:
Brick

Additional Features

Upstairs Den & Partially Finished Basement

Call (919) 675-2747 for more details

Property Location