🏡 Fully Refreshed & Fully Leased Two-Unit in Central Park Heights — 7 Beds, 3 Baths
🔑 Both Units Refreshed in 2026 and Leased Thru 2028 — Built-In Rent Bumps
- 💵 $2,300/mo in place today — Unit 1 at $1,100 and Unit 2 at $1,200, both on fresh 2-year leases signed Sept/Oct 2026
- 📈 Rents step up to ~$2,500/mo in year 2 — that’s a ~9% cap at today’s price with no work and no turnover
- 🛠️ Both units renovated in 2024 and refreshed again between tenants in 2026 — all photographed vacant before Sept / Oct move-ins
- 🏠 Appraised at $260,000 in April of 2025 – Available upon request
📊 Investment Highlights
- 🛏️ Unit 1: 2 bed / 2 full bath, 838 sq ft — gas range, wood cabinets, two tiled baths, ceiling fans
- 🛏️ Unit 2: 5 bed / 1 bath, 1,270 sq ft over two levels — gas range, refrigerator, in-unit stacked washer/dryer, tiled bath, new carpet
- 🔌 Separate gas and electric (BGE) — tenants pay their own utilities
- 🌳 Large 42′ x 122′ lot with front porch and fenced rear yard
- 📐 2,108 total sq ft across both units
- 🧾 Rental license current thru 10/2027; low taxes at about $1,692/yr
📍 Central Park Heights Insights
- 🏇 Minutes from historic Pimlico Race Course, home of the Preakness, and its ongoing redevelopment
- 🏥 Close to Sinai Hospital and LifeBridge Health — one of the area’s largest employers
- 🚌 Easy access to Park Heights Ave, Northern Pkwy and the Metro Subway
- 🏘️ The attached 3501 side was renovated and sold in April 2026
⭐ Why 3503 Oakmont Stands Out
- ✅ Turnkey and 100% occupied — collect rent from day one
- ✅ Two leases in place thru 2028 with rent increases already written in
- ✅ Fresh 2026 refresh — low near-term capital needs
📲 Call Cris Now — (919) 675-2747
Run the numbers — 3503 Oakmont Ave
Change the down payment or rate — every figure updates. Management at 10% and a full month’s rent in maintenance reserves are already built in.
Annual Revenue & Expenses
| Gross rent ($2,300 × 12) | $27,600 |
| Property taxes | −$1,692 |
| Home insurance | −$1,200 |
| Property management 10% | −$2,760 |
| Utilities – water | $0 |
| Ongoing maintenance | −$2,300 |
| Net operating income | $19,648 |
| Total investment (incl. $8,872 closing) | $238,772 |
| Cap rate (cash purchase) | 8.23% |
Financing
| Down payment (25%) | $57,475 |
| Est. closing costs | $8,872 |
| Cash to close | $66,347 |
| Loan amount | $172,425 |
| Mortgage payment / mo | $1,176 |
| Annual cash flow after debt | $5,533 |
Estimates only, not a guarantee of future performance. Closing costs estimated at 3.435% of price (transfer, recordation, title) plus $975 in fixed fees. Maintenance reserve = one month’s rent per year. Management = 10% of collected rent (minimum $99/mo). Financed figures assume a conventional or DSCR investor loan; actual rate, terms, and eligibility depend on the lender. Buyer to verify all figures independently.
Pro forma figures are estimates based on current rent less estimated property taxes, insurance, management, maintenance reserves and closing costs. Owner currently pays water. Property details and features are as provided by the seller and public records. Buyer to verify all figures and complete their own due diligence.