Property Description

809 TRUMAN ST — 3BR/2BA VALUE-ADD IN CAMBRIDGE

$114,900 BUY IT NOW | $245,000 ARV | 46.9% OF ARV

1,066 SF DETACHED BUNGALOW | NEW ROOF | ~$25K RECENT WORK | VACANT

THE DEAL IN ONE SENTENCE

MOST HOUSES AT 47% OF ARV NEED EVERYTHING. THIS ONE NEEDS A KITCHEN.

New roof. New flooring. New appliances. Fresh paint. Three-year-old boiler.

Someone already put $25,000 into this house in the last six months — and stopped before the kitchen.

$114,900 buy it now against a $245,000 ARV. Vacant, lockbox, walk it today.

That's the whole deal.

THE INVESTOR CASE

$114,900 PURCHASE

$245,000 PROJECTED ARV

$130,100 GROSS VALUE SPREAD

That's approximately 46.9% of ARV at the asking price.

Your job is to determine whether the spread survives your actual:

Renovation + financing + holding + closing + selling costs.

We've provided the property details and comps.

You provide the underwriting.

WHAT'S ALREADY DONE

Approximately $25,000 of improvements have been completed within the past six months:

• New roof
• New appliances
• New washer + dryer
• New flooring
• Updated bathroom vanity
• Fresh paint throughout
• New interior + exterior lighting
• New ceiling fans
• New shutters

OTHER RECENT UPDATES

• Boiler replaced approximately 3 years ago
• Windows replaced approximately 7–8 years ago

The goal here isn't to sell you on a "fully renovated" house.

It's to give you a house where a significant amount of the basic improvement work is already behind you.

WHAT'S LEFT

KITCHEN

The appliances are already new.

The cabinets, countertops and finishes remain.

This is the biggest obvious renovation opportunity.

COOLING

The property has baseboard hot-water heat with a boiler approximately three years old.

There is currently no central AC. Wall/window units are being used.

Determine what cooling solution makes sense for your exit strategy.

COSMETICS + CURB APPEAL

Expect some combination of:

• Kitchen renovation
• Cosmetic finishing
• Landscaping
• Exterior cleanup/presentation
• Final punch-list items
• Contractor-identified repairs

DON'T USE OUR SCOPE AS YOUR SCOPE.

Walk the property. Bring your contractor. Price it yourself.

Lockbox access is available.

THE HOUSE

3 BEDROOMS. 2 FULL BATHS. 1,066 SF.

The 2-full-bath configuration is a strong feature for a 1,066 SF bungalow.

The property also includes:

• Detached carport
• 3 off-street parking spaces
• Storage shed
• Brick fireplace
• Enclosed front porch
• Public water + sewer
• Vacant occupancy

It's a straightforward single-family product that can work as either a retail flip or rental.

FIX & FLIP

The potential value-add is straightforward:

BUY → IMPROVE → RETAIL EXIT

The major recent improvements are already completed.

Your value-add is primarily in the kitchen, cosmetics, curb appeal and overall presentation.

At a projected $245K ARV, the acquisition price gives you substantial room to determine whether the deal meets your required margin after the full project budget is accounted for.

COMPS & MARKET DATA:

[LINK]

Run the comps yourself. We want you comfortable with the ARV before you make an offer.

BUY & HOLD

For a rental investor, the property offers:

3BR + 2BA + detached house + off-street parking + vacant possession

No tenant relocation.

No occupied rehab.

No inherited lease.

You can renovate to your rental standard, stabilize the property and evaluate the long-term cash flow based on your own rent assumptions.

THE MARKET HISTORY — WE'RE NOT HIDING IT

This property has been marketed previously and did not sell at retail.

• Previously listed at $199,900 — expired
• Reduced to $164,999 — withdrawn
• Approximately 289 cumulative days on market

You will find that history during your due diligence.

We're including it here because transparency matters more than making the deal look perfect.

The previous marketing was aimed at retail buyers.

We're presenting it to investors based on what it actually is:

A $114,900 acquisition with a defined renovation scope and a projected $245K retail value.

Pull the comps. Walk the house. Run your numbers.

If the deal works, make your offer.

THE SECOND PARCEL

The purchase also includes 811 Truman St, an adjacent parcel on a separate deed.

IT'S SIMPLY ADDITIONAL YARD.

We're not presenting it as a development opportunity or assigning speculative value to it.

The practical benefit is additional yard space for the property.

Verify zoning and any potential future use independently with the City of Cambridge.

PROPERTY AT A GLANCE

Address

809 Truman St, Cambridge, MD 21613

Purchase Includes

809 Truman + adjacent 811 Truman parcel

House

3BR / 2 full baths

Size

1,066 SF

809 Lot

0.124 acres / ~5,400 SF

Style

1-story bungalow

Year Built

1940

Basement

None

Roof

New

Heat

Baseboard hot water

Boiler

~3 years old

Cooling

Wall/window units — no central AC

Kitchen

New appliances; cabinets/counters remain

Parking

Detached carport + 3 off-street spaces

Other

Brick fireplace, shed, enclosed front porch

Utilities

Public water + sewer

Zoning

R-3

Occupancy

Vacant

Access

Lockbox

THE NUMBERS

$114,900 BUY IT NOW

$245,000 PROJECTED ARV

$130,100 GROSS VALUE SPREAD

46.9% OF ARV

Comps & Market Data: [LINK]

YOUR UNDERWRITING:

Purchase: $114,900 Renovation: Your number Holding/financing: Your number Closing/selling costs: Your number Exit: ~$245,000 based on the provided comps

THEN DECIDE IF THE MARGIN WORKS.

We're not asking you to trust an inflated repair budget or blindly accept an ARV.

The property is available to walk. The comps are available to review. The numbers are yours to underwrite.

TERMS

Cash or hard money.

Closing through RESE Title.

If multiple offers are received, we'll request best and final from the strongest buyers.

OFFER DEADLINE: [DATE / TIME]

Full photos + walkthrough video available.

Lockbox access available for walkthroughs.

WANT IT?

SEND:

YOUR PRICE + PROOF OF FUNDS + CLOSE TIMELINE

SUBMIT OFFER →

Clear property. Clear scope. Clear numbers.

Walk it. Underwrite it. If the ROI works, make your offer.