Occupied Two Unit Home Earning 22% ROI Sold

  • $169500
  • 4 beds
  • 2.5 baths
Sold
Price:
$169500
Address:
818 Winston Ave
Baltimore, Maryland 21212
Bedrooms:
4
Bathrooms:
2.5
Terms:
For Sale
Property Type:
Home
Basement:
Unfinished
Const. Type:
Stick Built

Additional Features

*|MC:SUBJECT|*

Hi Friend,

Lots of you out there regularly ask for multi-unit properties, so today we've got something just for you. An occupied two unit in one of our favorite campus areas available. If you've been on our list for awhile you know the drill, but if not, here it is. You'll see just down the street we've got Johns Hopkins, Loyola, Notre Dame, St. Elizabeth, Waverly Elementary, Baltimore City College and Morgan State. So put simply, this is the right place to own a rental property.

We just completed numerous exterior & interior renovation updates to this property including a brand new roof, siding repairs & new fencing for the large corner lot yard. We also did a full systems check & verification or replacement for all the home's mechanical systems. Finally, tenant lease renewals were just signed as well for immediate & worry free cash flow.

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

818 Winston Ave, Baltimore, MD 21212
Unit 1: 3br/1.5ba
Unit 2: 1br/1ba
ROI: 22.12%
Income Analysis
Listing Price: $169,500
Current occupied rental income: $2250/mo
Current Annual Taxes: $710
Estimated Annual Insurance: $600
Estimated Annual Maintenance Costs: $2,250
** 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: $2,700
**The fee is 10% of the monthly rent.
Annual Net Rental Income: $25,920
Annual Cumulative Hard Costs: $6,260
Adjusted Gross Annual Income: $19,659
5 Year Return: $98,295
10 Year Return: $196,590

 

Property and Area Photos
More About Kenilworth Park Community
Kenilworth ZIP codes: 21212
 
Kenilworth Park is a friendly, affordable and diverse neighborhood near the campuses of Johns Hopkins University, Loyola College and The College of Notre Dame. Kenilworth Park has very low crime relative to the rest of Baltimore City County. Kenilworth Park real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and small apartment buildings. Most of the residential real estate is owner occupied and many of the residences in the Kenilworth Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940. The neighbors in the Kenilworth Park neighborhood in Baltimore are middle-income, making it a moderate income neighborhood. 37.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.4%), and 15.3% in manufacturing and laborer occupations. Overall, Kenilworth Park has all the key criteria necessary for a stable rental property ownership environment.
Other Questions? Call Now!

Call (919) 675-2747 for more details

Property Location