This duplex offers two units, each with a 2-bedroom, 2-bath layout. With rents estimated between $2,900 and $4,000, the property has potential revenue of $34.8K to $48K annually. The payback period hinges on current market conditions and pricing; however, given the asking price of $350K, the return on investment seems promising. Located in Baltimore's Woodberry, the area shows a positive trend with rising property values. The modern appliances and amenities enhance its appeal, though the lack of off-street parking might be a minor drawback.
To maximize rental income, consider updating the exterior and common areas to boost curb appeal. Energy-efficient upgrades could also attract tenants seeking lower utility costs. If selling, emphasize the property's potential for improved cash flow with minor enhancements. Highlighting the neighborhood's growth and the property's proximity to local amenities will appeal to investors looking for long-term value.
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Multi-Family Homewith2 units.
Explore detailed rental comps for each of the available unit configurations:
Current Specs
2 Bed / 2 Bath
896 sqft
Multi-Family
central air
stainless steel appliances
private entrance
unfinished basement
fenced yard
Rent Comps
$1,100
$1,500
$2,200
LOW
MEDIAN
HIGH
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