Single Family Investment Opportunity
Price
$112,000
Investor Special – 3918 Ridgewood Ave, Baltimore, MD 21215
We are pleased to present this fantastic off-market opportunity for savvy investors looking to capitalize on a promising property in Baltimore's sought-after 21215 zip code. Available is a spacious 5-bedroom, 2-bathroom home, offering a total of 1,566 sqft of living space. Previously tenant-occupied, this property generated $1,700 per month in rental income, but it is now vacant and ready for its next chapter.
Property Photos: https://www.dropbox.com/scl/fo/yhzicngckfj862hisvw2t/AFmQH49Ml88fhl8DbErNXRY?rlkey=ve2ool1zx5am530nyk49vy5yr&e=1&st=l1e8szm6&dl=0
Rehab work was completed in 2021, meaning much of the heavy lifting has already been done. While the property does require some minor repairs and cleanup to restore its full potential, it is well-positioned for a quick turnaround. This could be a prime turnkey investment for those looking to add a valuable asset to their portfolio with minimal upfront effort.
Size: 1,566 sqft
Market Rent: Estimated at $2,500 per month once repairs are complete
Asking Price: $109,000
ARV: $300,000
With just a little TLC, this property can be brought up to standard and begin generating strong rental returns in a market where demand for rental properties is consistently high. The location, along with the property’s layout and size, makes it an ideal candidate for investors looking to secure long-term tenants or potentially even explore resale opportunities after renovation.
All offers should be submitted directly to investments@promiselandrealtyllc.com. Serious inquiries only, please.
Please Note: This listing is part of our exclusive TEAM PROMISELAND JV partnership program, and marketing restrictions apply. Only verified members are permitted to market this deal directly to their buyers.
Don't miss out on this unique chance to invest in a property with great potential in the heart of Baltimore.
Property Comps
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT
PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
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