🏡 Turnkey Section 8 Cash Flow in East Baltimore Midway — Tenant Already in Place
🔑 The Rent Checks Start Day One
- Occupied by a Section 8 tenant since 2023 — $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.
- ~9% 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.
📍 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 three years.
⭐ 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 $107,900 with a ~9% 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.
📊 Cap Rate Analysis
Cap rate is an estimate based on current rent less estimated taxes, insurance, management, maintenance reserves, and closing costs; gross yield is approximately 13.8%. All figures are opinions/estimates — buyer to verify all numbers and perform their own due diligence.