Property Description

$55,000 ASKING | $210,000 ARV | ~26% OF ARV

4404 Frederick Ave — same street — closed at $240,000. That house is a 4/2 at 1,280 SF.

This one is 1,440 SF and end-of-group — a hundred and sixty square feet larger, with the light and exposure a mid-block rowhome doesn't have. Configured as a 3-bedroom today; add a fourth and you're matching that comp with more square footage than it has.

We're calling the ARV $210,000 — thirty thousand under the same-street close.

Or don't sell it at all. It rents for $1,995. At a $55,000 basis, that's the kind of number most of this market stopped seeing years ago.

The price reflects the work. We're not dressing this up — it's been vacant roughly a decade and it's boarded. But at twenty-six percent of ARV, the spread is real either way you exit.

THE SCOPE

Ceiling damage throughout — the most substantive interior issue and the first thing to price.

Built-up roof — flat, and it needs evaluation. Price it as a flat roof, not shingle.

Radiator heat, no central air. Whether you restore the radiators or convert to forced air is a real decision with a real cost difference. Decide before you offer.

Windows need replacement. Kitchen and bathrooms need full work. Interior paint throughout.

The basement is unfinished but plumbed — existing sink, washer/dryer connections, and a former secondary living area. On a 1940 brick build, having that infrastructure already run is worth something.

Vacant and boarded. Immediate contractor access at closing, no tenant, no possession issue.

Don't use our scope as your scope. Walk it, bring your contractor, build your own number.

📈 Comps & Market Data

FLIP IT OR HOLD IT

Flip: renovate and exit toward $210,000 against a $240,000 same-street close.

Hold: $1,995/month on a $55,000 basis. Four bedrooms if you add the fourth, end-unit, in a 21229 rental market that doesn't sit.

There is nothing pretty about the path. The number is why you'd take it.

If you do heavy rehabs in Southwest Baltimore, this is your deal. If you don't, it isn't.

INVESTOR SNAPSHOT

• ARV: $210,000 (4404 Frederick closed $240,000 — 4/2, 1,280 SF)
• Price: $55,000
• Est. rent: $1,995/month
• 3 BR — confirm bath count before offering
• 1,440 SF · end-of-group · brick
• 720 SF unfinished basement — sink, W/D connections, former secondary living area
• Built 1940 · Baltimore City 21229
• Ceiling damage throughout
• Built-up (flat) roof — evaluation needed
• Radiator heat · no central air
• Windows — replacement needed
• Kitchen and baths — full work
• Vacant and boarded

TERMS

Cash buyers only. No contingencies.

Offer Deadline: Wed, September 23 @ 4:00 PM Closing: October 9, 2026 at RESE Title EMD: $2,500

If 2+ offers are received, we'll go directly to best & final with the strongest buyers.

Submit with proof of funds, your proposed closing timeline, and your intended exit.