MASSIVE INVESTMENT OPPORTUNITY: 419 BALTIMORE PROPERTY & 5 MORE UNITS FOR $349,900!

About 1405 Fairmount Ave:

This property, located at 419 Baltimore, is an excellent investment opportunity with huge potential for both short-term and long-term gains. In addition to this property, there is also the option to purchase a package of five properties, including 409 Baltimore, 612-614 Young, and 601-605 E Pearl, totaling nine units, all for the price of $349,900.

The main property at 419 Baltimore is a spacious three-bedroom, two-bathroom house spanning 1,520 square feet. Currently, it is rented to a Section 8 tenant for a significantly lower price of $695 per month, which presents an opportunity for immediate cash flow. There is a possibility to keep the Section 8 tenant and raise the rent to the maximum allowable amount, which is over $1,150, further increasing the potential income.

Alternatively, the property can be vacated, allowing for a complete renovation and the opportunity to raise the rent to double the current amount. This option promises substantial cash flow and a higher return on investment. However, it is important to note that the property requires a significant amount of work, and the asking price reflects this condition.

For interested buyers, the seller offers the option of financing the purchase, either for this property alone or for the entire nine-unit package. However, this is subject to a large down payment and the property being purchased at the full asking price. Alternatively, cash or hard money offers with quick closings are also accepted.

It is essential to understand that inspections for this property are provided for informational purposes only. This means that buyers should conduct their own thorough inspections before making a decision. For additional details and information, agents are encouraged to refer to the agent remarks section.

It is important to note that the owner of this property is also a broker, ensuring a smooth and transparent transaction process. This affiliation provides an added layer of trust and expertise throughout the buying process.

In summary, this property at 419 Baltimore, along with the option to purchase a package of five properties with a total of nine units, presents a fantastic investment opportunity. With the potential to maximize rental income by raising rents or making renovations, buyers can enjoy significant cash flow and returns on their investment. Whether seeking a single property or a larger portfolio, the seller provides flexible financing options. However, it is crucial for buyers to conduct their own inspections and be prepared for the amount of work required. With the owner being a broker, buyers can trust in a professional and smooth buying process. Don't miss out on this chance to invest in a property with immense potential for appreciation and profits.