🏡 Turnkey Section 8 Cash Flow in East Baltimore Midway — Tenant Already in Place
🔑 The Rent Checks Start Day One
- 🔟 Occupied by the same Section 8 tenant for 10 years (since 2016) — $1,241/mo total ($1,152 paid direct by the housing authority + $89 tenant portion).
- ✅ Passed its Section 8 inspection just months ago — the hard part is already done.
- 💹 ~10% cap rate on an all-in basis (price + closing costs) with professional management built into the numbers.
- 🛡️ Lead-free interior — a real advantage for Baltimore rental compliance.
📊 Investment Highlights
- 🛏️ 2 bedrooms plus a middle bonus room (closet/den/TV room) and 1.5 baths — lives bigger than a standard 2BR.
- 🏘️ ~1,200 sq ft interior, classic 1920 Baltimore porch-front rowhome.
- ❄️ Central air, gas heat, and a gas water heater — full mechanicals in the dry unfinished basement.
- 🍳 Eat-in kitchen with abundant cabinetry, gas range, and ceramic tile floor; tiled tub/shower with glass accent band.
- ✨ LVP flooring on the main level, carpeted bedrooms, covered front porch with security door.
📁 Documented & Verified
- 💵 Housing authority direct-deposits $1,152 on the 1st — 9 for 9 in 2026.
- 📜 MDE Lead Certificate — passed 4/24/2026, valid through 4/24/2028.
- 📈 Built-in rent growth — the HAP portion has increased with every housing-authority adjustment: $1,083 → $1,106 → $1,152.
- 💧 Tenant pays ALL utilities — including water — plus pest control and lawn/snow care per the signed lease.
- 🔒 Zero vacancy since 2016 — a full decade of continuous occupancy.
- 🏆 One owner for nearly 30 years — a keeper being released, not a flip.
- 🏛️ Fee simple — no ground rent — redemption deed recorded in Baltimore City land records (2009).
🔍 Home Inspection Highlights (9/29/2026)
- 🧐 Fresh independent home inspection — licensed Maryland inspector, full report available on request.
- 🏠 Roof in serviceable condition with a newer top coat — main roof had zero repair items, and the thermal infrared scan found no water intrusion through the roof or skylights. Roof work warrantied through 2028.
- 🔥 2018 Goodman furnace — clean inside, burners firing a clean blue flame (129°F heat supply).
- 🌬️ Carrier central AC cooling strong — 56°F supply vs. 75°F return.
- 🚿 Rheem water heater — sealed burner, relief valve and expansion tank acceptable, no back-drafting.
- 🔌 Electrical — breaker panel with copper branch wiring that looks good, plus arc-fault protection.
- 🧱 Solid structure — foundation in good overall condition; visible floor joists look good.
- 🌧️ Water control — sump pump tested working, grading slopes away from the house, and the thermal scan found no plumbing leaks under the sinks.
- 🪟 Exterior — double-pane vinyl windows and siding in good overall condition.
📍 East Baltimore Midway Insights
- 🏥 Minutes to Johns Hopkins Hospital — one of the city’s biggest employers and a deep tenant pool.
- 🚌 Quick access to Greenmount Ave and Harford Rd corridors, with strong transit connections toward Penn Station and downtown.
- 🔁 Steady Section 8 demand keeps units like this one rented — this tenant has been in place for a full decade.
⭐ Why 760 Bartlett Ave Stands Out
- ⚡ No rehab, no lease-up, no waiting — a performing rental from the day you close.
- 💰 Government-backed rent: nearly 93% of the monthly rent comes straight from the housing authority.
- 📬 Priced at $97,900 with a ~10% cap — true mailbox money for an out-of-state or first-time investor.
📲 Call Cris Now — (919) 675-2747 — occupied cash-flow deals like this get scooped up fast.
Live Pro Forma
Run the numbers — 760 Bartlett 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.
9.69%Cap rate (all-cash)
$325Cash flow / mo (financed)
13.52%Cash-on-cash return
1.80xLender DSCR (rent ÷ payment)
Annual Revenue & Expenses
| Gross rent ($1,241 × 12) | $14,892 |
| Property taxes | −$1,657 |
| Home insurance | −$600 |
| Property management 10% | −$1,489 |
| Utilities – water | $0 |
| Ongoing maintenance | −$1,241 |
| Net operating income | $9,905 |
| Total investment (incl. $4,338 closing) | $102,238 |
| Cap rate (cash purchase) | 9.69% |
Financing
| Down payment (25%) | $24,475 |
| Est. closing costs | $4,338 |
| Cash to close | $28,813 |
| Loan amount | $73,425 |
| Mortgage payment / mo | $501 |
| Annual cash flow after debt | $3,894 |
Call Cris: (919) 675-2747Get expert advice on this or any other listing now.
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 taxes, insurance, management, maintenance reserves, and closing costs; gross yield is approximately 15.2%. All figures are opinions/estimates — buyer to verify all numbers and perform their own due diligence.