Tenant Occupied Large 4 Bedroom on Corner Lot Sold

  • $134,900
  • 4 beds
  • 1.5 baths

Hi Friend,


NOTE: Tenant Occupied. Do not approach property without scheduling appointment. 

Today we’ve got another fresh new renovation that’s just coming out of our production line and is ready for your cash flow portfolio. This occupied 4 bed / 1.5 bath home with finished basement has just been refreshed from top to bottom. It’s new tenant just moved in on a three year lease with two months deposit and an option to extend to a fourth year at a 2.5% increase. 💵 Enjoy long term rental income from highly qualified, essential employees seeking to make Baltimore their long term home.

Looking forward to answering your questions as always & again, stay safe! -Cris
919-675-CRIS

2918 McElderry St, Baltimore, MD 21205
4br/1.5ba + finished basement
ROI: 13.84%

Income Analysis
Listing Price: $134,900
Current Rental income: $1500/mo
Current Annual Taxes: $1231
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 Net Rental Income: $18,000
Annual Cumulative Hard Costs: $5,131
Adjusted Gross Annual Income: $12,869
5 Year Return: $64,345
10 Year Return: $128,690

Renovated Comps:
2640 McElderry St – for sale for $145k
453 N Curley St – for sale for $150k
132 N Decker Ave – sold 03/20 for $138k
133 N Potomac St – sold 12/19 for $186k

Property and Area Photos

 









 

More About Ellwood Park-Monument Community

 

 

Ellwood Park – Monument is a neighborhood in Baltimore, Maryland with a population of 3,552. Ellwood Park/Monument is in Baltimore City County. Living in Ellwood Park/Monument offers residents a balanced urban suburban mix and most residents rent their homes. The neighborhood offers many walkable restaurants, coffee shops, and parks as well as a walkable grocery. It additionally enjoys close proximity to Patterson Park, Johns Hopkins Hospital, downtown proper and the historic Baltimore Inner Harbor waterfront.

 



Behind the Scenes

 




 

Other Questions? Call Me Now at: 919-675-CRIS

 

 

Price:
$134,900
Address:
2918 McElderry St
Baltimore, MD 21205
Bedrooms:
4
Bathrooms:
1.5
Terms:
For Sale
Property Type:
Row-house
Basement:
Finished

Additional Features

Stunning features: 4 large bedrooms, brand new appliances, central air, top-floor porch, fireplace, corner lot, private back porch, stylish security doors.
1st Floor - living room with customized hard wood floors, a brick fireplace & hearth, and ceiling fan/light combo; hardwood floor dining room with great natural lighting; newly build half bath and a gorgeous kitchen with beautiful granite countertops, shaker-white cabinets, and brand-new stainless steel appliances.
2nd Floor - brand-new, plush carpet throughout; 2 grand bedrooms with awesome natural lighting via a front bay-style window and ceiling fan/light combos. A full bathroom with stylish vanity and light fixtures.
Basement - two large rooms; use as 2 great bedrooms with brand-new plush carpeting or suit the needs of your family as a Rec Room, Play Room, Office, Man Cave, Lady Cave, etc.

Call (919) 675-2747 for more details

Property Location