🔥 INVESTOR SPECIAL: Section 8 Tenant In Place + No Doc Owner Financing Offered 🔥
- 💵 Current rent: $1,354/month — Section 8 pays $1,197 directly to owner
- 📊 Gross Annual Rent: $22,800
- 🔥 Cap Rate: 10.97% on cash purchase
- 🏠 Rental License Active through May 19, 2028 — All Inspections Passed!
💰 Strong Cash Flow with Major Rent Upside
- 💵 Current Rent: $1,354/month (Section 8 contract effective 3/1/2026)
- 📈 HABC will pay up to $2,184/month for this address — property is significantly under-rented!
- 📊 Gross Annual Rent: $22,800
- 🔥 Cap Rate: 10.97% on cash purchase (after typical expenses)
- 💸 NOI: $15,242/year
🏠 Classic Baltimore Rowhome — Tenant In Place Since February 2024
This solid brick Baltimore rowhome is Section 8 occupied with a lease just renewed — meaning you collect rent from Day 1 with zero vacancy risk at closing! 📈
✨ Property Details
- 🧱 Exterior: Classic brick row home with covered front porch and stone foundation
- 🪵 Interior: Hardwood floors throughout with natural light and good room sizes
- 🍳 Kitchen: Updated with fresh white cabinets & countertops + stainless appliances
- 🏠 2 Bedrooms / 1 Bathroom — ideal layout for Section 8 voucher holders
- 📋 Active Baltimore City Rental License — Valid thru May 19, 2028
📋 Section 8 / HCV Details
- 🏛️ Tenant in place since February 2024 — just renewed contract
- 💵 Contract Rent: $1,354/month (effective 3/1/2026 per HABC notice)
- 🏦 HABC pays $1,197/month directly to landlord
- 👪 Tenant pays only $157/month
- 🚀 Huge upside: HABC will approve up to $2,184/month for a 2-bedroom voucher at this address!
💡 Creative Owner Financing Offered — Save ~$21,000 at Settlement!
- ✅ Only $20,000 down — assume existing mortgage of ~$117,000
- 🚫 Avoid 25% down payment (~$34,500 required on a new loan)
- 🚫 Avoid City, County & State Tax Stamps (~$4,100)
- 🚫 Avoid Lender Origination & Fees (~$4,000)
- 💰 Total upfront savings: ~$21,000 vs. standard purchase
⭐ Why 153 N Monastery Ave Is a Standout
- 💎 True Turnkey — tenant in place, license active, cash flows from day one
- 💵 10.97% Cap Rate on a $138,000 all-in investment
- 📈 Massive rent upside — currently collecting $1,354, HABC ceiling is $2,184
- 🛡️ Section 8 security — government-backed rent, low collection risk
- 🏦 Smart acquisition structure — LLC purchase slashes your out-of-pocket by ~$21k
- 📋 2023 Appraisal: $150,000 and climbing — buy well below appraised value
Secure this cash-flowing Section 8 rowhome today — tenant in place, rental license active, and a clear path to significantly higher rents! 🏠❤️
Call Cris Now 📲 and lock this up as your next ownership success!
