🌶️ 3 Br Needs Your Vision/ Priced @ 19% ARV

Property Description

2726 W Fairmount Ave, Baltimore, MD 21223

19% of ARV — Gutted With 2 Baths Roughed In, You Choose the Layout

This is a gutted row home priced at $27,900 against a $145,000 ARV. That is 19 cents on the dollar.

The property was previously a 3-bedroom / 2-bath layout. It has been stripped to the studs — but two full bathrooms upstairs are already roughed in.

That is the detail that separates this from every other gutted shell on the market. Bathroom rough-ins are expensive and time-consuming. On this property, they are done. You are starting your renovation with plumbing in the walls and a layout that already supports a multi-bedroom, multi-bath configuration.

The basement can support a 4th bedroom and 3rd bathroom. The final bedroom count, bath count, and layout are up to you — configure it to match whatever maximizes rent in this pocket.

At $1,400+ per month for a rehabbed unit, the entry price under $28K gives a landlord real room to build exactly the product they want.

At 19% of ARV, the spread on this deal is not tight. It is wide open.

WHY THIS DEAL MAKES SENSE

19% of ARV. Entry at $27,900 against a $145,000 ARV. The math on this deal gives you room for a full gut renovation budget, holding costs, and a real return on the exit — whether you flip, BRRRR, or hold. Two full bathrooms already roughed in. Plumbing is in the walls upstairs for two full baths. That is real money already spent on one of the most expensive parts of a gut rehab. You are not starting from zero — you are starting from rough-in.

You choose the layout. The property is gutted. That means you control the final
configuration — 3-bed / 2-bath, 4-bed / 3-bath with basement bedroom, or whatever combination maximizes your exit. No tearing out someone else's bad decisions. No working around an existing floor plan. Build it right from the start.

$1,400+ rent potential. Rehabbed properties in this area rent for $1,400 or more depending on bedroom and bathroom count. A 4-bed / 3-bath configuration commands the top of the rental range.

Under $28K entry. At this price point, a landlord can deploy capital, build the product to their spec, and add a performing asset to their portfolio. For a flipper, the spread to $145K is massive. For a BRRRR investor, the refi math after renovation is straightforward.

YOU SHOULD KNOW

This property needs everything. It is gutted to the studs. The only work in place is the rough-in plumbing for two full bathrooms upstairs.
Framing, electrical, drywall, flooring, kitchen, HVAC, finishes — all of it is on the investor. Plan and budget for a full gut renovation. This is a ground-up build inside an existing shell.

The previous layout was 3 bedrooms / 2 bathrooms. The basement supports adding a 4th bedroom and 3rd bathroom if the investor chooses to expand. The final configuration is entirely up to you.

PROPERTY HIGHLIGHTS

Previous layout: 3 Bedrooms / 2 Bathrooms
Expandable to 4 BR / 3 BA (basement supports additional bedroom + bath)
2 full bathrooms roughed in upstairs
Gutted to studs — full renovation required
Baltimore City
$1,400+/mo rent potential (varies by final bedroom/bath count)

THE NUMBERS THAT MATTER

ARV: $145,000
Buy It Now: $27,900
~19% of ARV
Projected Rent: $1,400+/mo (depending on final configuration)

📈 Comps & Market Data: https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=54207789400
If 2+ offers come in, we go straight to best & final with those two only.
Closing at RESE Title. Cash or hard money.

Submit Offer Here