Secure a steady income stream with this fantastic tenant-occupied property near a college campus!
- 💰 Immediate Cash Flow: Currently tenanted under a secure two-year lease until 2027, providing instant returns from day one.
- ✅ Strong Rental Income: Enjoy a robust monthly income of $1,900, offering an excellent return on investment.
- 👌 Long-Term Stability: The existing two-year lease ensures consistent income and alleviates immediate tenant placement expenses.
- 🎓 Nearby Anchor Point: Benefit from the property’s close proximity to Coppin State University, a significant source of potential tenants and contributing to strong rental demand in the area.
- 📈 Strong Equity & ROI: On top of pulling nearly 9% Cap Rate right now, recent comparable sales confirm this property offers strong equity as well.
Why This Property is a Smart Investment:
- 🤑 Excellent Value Proposition: Recent comparable sales confirm that similar properties in the immediate neighborhood are listing and selling at higher prices. This property provides immediate, substantial cash flow at a very competitive entry point.
- 🎯 Proximity to Amenities: This property is walking distance from 👩🎓 Coppin State University, 🐒 The Maryland Zoo, 🌳 Druid Hill Park, and 🌳 Gwynn Falls Park (the 2nd largest woodland park in the United States!). These long term anchor points will assure & sustain long term property appreciation.
- 👌 Hassle-Free Ownership: With a tenant already in place until 2027, you can enjoy immediate returns without the initial work of finding and screening tenants.
Investment Advantages:
- Great income for the duration of the current lease.
- Reduced initial management workload.
- Potential for increased rental rates upon lease renewal, given the long-term rental income trend and location.
- Appreciation potential in a developing area close to a major institution and multiple anchor points.
Comparable Sales:
- 931 N Bentalou St sold 12/24 for $220,000
- 815 N Bentalou St sold 12/24 for $225,000
- 835 N Bentalou St sold 5/24 for $199,000
