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 Mixed Used Nuilding

  • Apartment
    6400 square_feet
    bedroom 5 Bedrooms
    bathroom 5 Baths
  • Flip/Rental
    $530,000
    Status : Available
    Year Built : 1950
 Description
Investment property for sale in Brooklyn, MD located at 500 E Patapsco Ave. The value range is from $530,000 to $730,000. The last sale price was $630,000 on 01/2019. This property is 6,401 square feet and . The total land size of this property is 0.17. The property is vacant. Extra land is included in the sale 5 residential units and 3 retail or commercial units. The rehab plan is to convert the commercial to two or three units or maintain one retail and add convert the additional commercial space to residential. There is also an extra parcel of land. The last assessment showed the property was in GOOD condition, To learn more about this Brooklyn, MD investment property message Sunny Nyemah directly or send an offer!
 Rehab Work Needed
  • Light Fixtures
 General Amenities
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 Summary

Overview
Mixed Used Nuilding Flip/Rental
$530,000
Property ID: MD200626921
Address: Login to View
City: Baltimore
State/Province: MD
Zip Code: 21225
Country: USA


Rental Analysis

+ Purchase Price: $530,000
+ Purchase Closing Cost: $15,900
+ Rehab Cost: $50,000
Total Acquisition Cost: $595,900


Monthly Rent: $5,200
+ Annual Potential Rent: $62,400
- Vacancy (3%): $1,872
Annual Gross Income: $60,528
Annual Gross ROI: 10.16%


Flip Analysis

+ Purchase Price: $530,000
+ Purchase Closing Cost: $10,600
+ Rehab Cost: $50,000
Total Acquisition Cost: $590,600


+ Selling closing cost: $21,900
+ Agent Commision : $21,900
+ Insurance (6 Months) : $1,800
+ Utilities (6 Months): $2,400
+ Miscellaneous Expenses: $1,500
Total Holding Cost: $49,500


Total Flip Cost: $640,100
Projected ARV: $730,000
Net Income (Profit): $89,900
CAP Rate: 14.04%

 Message

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