tomo logo

$125,000

Beds
3
Baths
1.0
sq ft
Unknown

401 S Mount St, Baltimore, MD 21223

401 S Mount St

BALTIMORE, MD 21223

  • 17 days on market
**Exceptional Investment Opportunity – Fully Renovated Property with Tenant in Place** This property underwent a comprehensive renovation just a year ago, featuring brand-new plumbing, windows, electrical systems, and HVAC. Every inch of this home has been updated, ensuring modern comfort and reliability. The tenant currently pays $1,250 per month, including utilities. The lease term ensures minimal vacancy risk and turnover costs, providing immediate cash flow from day one. This is a turnkey investment with no renovation needed. You'll benefit from steady income since a reliable tenant is already in place. All necessary documentation is ready, including proof of lead-based paint certificate, Use & Occupancy (U&O), lease agreement, and rent roll. For savvy investors, this property offers an attractive return on investment. The property is priced to provide a deal that surpasses the 1% rule, making it a prime opportunity for immediate returns. Don’t miss out on this steal! Schedule an appointment today and secure this high-potential investment property.

Details

Property type

Townhouse

Est. home value

$52,704

Lot size

Unknown

Price per sq ft

Unknown

Year built

1915

Annual property taxes

$142

HOA

No

Price History

06/14/2024

Bright #MDBA2128082

Listed
$125,000
+13.64%
12/31/2023
BrightMLS

BrightMLS #MDBA2103906

Removed
$110,000
10/30/2023
BrightMLS

BrightMLS #MDBA2103906

Listed
$110,000
+131.58%

Schools & Community

Neighborhood: 

New Southwest - Mount Clare

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

BALTIMORE CITY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rcn Capital Llc

Loan start date

January 2023

Original loan amount

$97,300

Est. remaining balance

Not provided

Interest rate

6.31%

Loan type

Commercial

Seller

Ljs Eight Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 11:50 AM

Listing updated: 06/18/2024 at 12:54 PM

Listed by: Sarah K Martinez, Real Broker, LLC - McLean Phone #: (855) 450-0442

MLS: Bright #MDBA2128082

Bright logo

Recently listed in BALTIMORE

$329,000|2 bd|2.5 ba|Townhouse
$294,900|3 bd|2.5 ba|Townhouse
$164,900|3 bd|2.5 ba|Townhouse
$375,000|4 bd|3.5 ba|Townhouse
$250,000|2 bd|1.0 ba|Townhouse
$315,000|4 bd|2.5 ba|House
$395,000|3 bd|2.5 ba|Townhouse