Coppin State Campus Rental with Garage Sold

$119900
3 beds
1.5 baths

Sold

Price:: $119900
Address:: 1700 N Bentalou St
Baltimore, MD 21216
Bedrooms:: 3
Bathrooms:: 1.5

Terms:: For Sale
Property Type:: Home
Basement:: Unfinished
Const. Type:: Brick Row Home

Additional Features

*|MC:SUBJECT|* *|MC_PREVIEW_TEXT|*

Hi Friend,

Today we're sharing another project on the edge of Coppin State University where we continue to add to our managed portfolio. This three bedroom one and a half bath end unit has a huge newly waterproofed basement and also a two car garage for coveted off street city parking. We just finished refreshing this one and some of the upgrades and repairs include a new roof, new HVAC, new plumbing & hot water heater, new basement sump pump, new stainless appliances and a full security system. Of course it's been freshly painted too and it's ready for it's next occupant. Walking distance to a great college, two high schools, a mall, Starbucks, public transit, parks and more. All at the very affordable price of $119,900. Let us manage it for you and we'll guarantee tenant placement within 30 days of closing or we'll cover the first month's rent!

Looking forward to answering your questions! -Cris
919-675-CRIS

1700 N. Bentalou St, Baltimore, MD

1700 N Bentalou St, Baltimore, MD 21216
3br/1.5ba + attached garage & huge basement
Cap Rate: 10.64%
Income Analysis
Sales Price: $119,900
Estimated rental income: $1,500/mo
Current Annual Taxes: $802
Estimated Annual Insurance: $600
Estimated Annual Maintenance Costs: $1,500
** This estimate is based on any potential repairs the property may need over the course of a year. In our experience, this number is typically lower, but we always estimate on the high side.
Annual Property Management: $1,800
**The fee is 10% of the monthly rent.
Annual Gross Rental Income: $18,000
Annual Cumulative Hard Costs: $4,702
Adjusted Gross Annual Income: $13,298
5 Year Return: $66,490
10 Year Return: $132,980

Renovated Comps:
1216 N Bentalou St - sold for $140k
2319 Windsor Ave - sold for $124k
833 N Bentalou St (ours) - sold last year for $114k
2005 Braddish Ave - sold for $140k

Property and Area Photos

More About Coppin Heights Community

Coppin Heights ZIP codes: 21216

The Greater Coppin Heights/Rosemont Community is an established working-class neighborhood featuring tree-lined streets and many brick porch-front rowhomes with garden areas. It is a predominantly residential community with commercial and industrial uses concentrated along its northern border, while public land uses (e.g., Coppin State University and Carver Vocational High School) are located on its northern and southeastern border. Coppin Heights was originally part of the Walbrook Community until 1989, when, for marketing purposes, the community was renamed Coppin Heights, officially assuming the boundaries of the Ash-Co-East-Neighborhood Association. In 2004, Coppin State University drafted the Greater Coppin Heights/Rosemont Revitalization Plan, which created a partnership between the Coppin Heights and Rosemont communities.

Unaware of what the Baltimore
Real Estate Market has to offer?

Baltimore City was named the #1 Rental Millenial Mecca Market for 2017 as well as #2 in the Nation for Single Family Rental Income Returns! Finally it's recently been named the #1 market in the US for property flip returns as well.

Make sure to also read about the multi-billion dollar Port Covington project coming up in downtown Baltimore. It's one of the largest development projects currently on the East Coast, bringing in 20k new employees to the downtown area. Recently Goldman Sachs invested $233 Million in this project too in an effort to lure Amazon to make Baltimore it's 2nd Home.

What's a Cap Rate?

The net income an asset produces in a given year divided by its purchase price. The capitalization rate is used to help determine the rate of return, or how fast an asset pays for itself and begins to make a profit. For example, if an asset cost $1,000,000 and it produces $100,000 in a given year, the capitalization rate is 10% and it will take 10 years to pay for the asset with the money it produces. However, it is important to note that the capitalization rate may change from year to year. For example, the same asset could produce $100,000 in year one but $250,000 in year two. It is informally known as the cap rate.

Call (919) 675-2747 for more details