1353 Taylor Ave, Parkville, MD 21234
Located in the desirable Parkville area, this End Of Group townhouse is a fully rented
3 unit (non-conforming) . Each unit has it’s own kitchen, bathroom and bedroom (or two).
$3,250/ month gross rents (includes utility payments)
Unit 1 (main level): $1,250/ month (includes utilities), month 2 of 6 month lease, (subsidized tenant)
Unit 2 (upstairs): $1,250/ month (includes utilities), month 2 of 6 month lease, (subsidized tenant)
Unit 3 (basement): $750/ month (includes utilities), month to month, (market tenant)
There are two electric meters, one electric panel, one heating system (boiler), no HVAC. Vinyl windows thoroughout, roof is less than 10 years old, kitchens updated within 6 years, all water supply pipes replaced to PVC. Basement unit was rehabbed in last two years to include new flooring, cabinets, appliances, lighting and asthetics like paint and light fixtures.
Projections
$3,450 gross rents
$185,000 purchase with 10% down at 7.5%
$3450 gross rents
-$1,349 monthly PITI
-$450 utilities
=$1,651 potential monthly cash flow
š”Ā Key Details:
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5 beds / 3 baths / 1,496 sqft above ground
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$3,250/ month gross rents (includes utilities)
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Ability to raise rents on units 1+2 by $100-200 per month!
ARV: $275k
Price: $181,500
BUY IT NOW: $185,500
(Buy It Now offers accepted for 2 hours following VIP text. If 2+ Buy It Now Offers are received, we will kindly ask for best and final only from these buyers)
Closing on or before 6/30/2024 at RESE Title.Ā Cash or hard money only.
Submit Offer HereĀ
COMPS:Ā https://matrix.brightmls.com/Matrix/Public/Portal.aspx?ID=44152668691
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