This listing is NOT a foreclosure. With 20% down, your monthly out-of-pocket cost to live in one unit of this Hamilton-Waltherson duplex isjust $374 after applying market rent from the second unit toward your PITI. With FHA or conventional financing and as little as 3.5% down, total monthly PITI is approximately $2,332 + PMI. Apply the projected $1,250 rent from the other apartment, and your cost drops to just $882/month.nThats before deducting mortgage interest and property taxes-an added tax benefit that renters never get!nApartment 2, the vacant second-floor unit, is an ideal owners unit with a comfortable 1BR + den layout, a modern bath, and all-new wall-to-wall carpeting. Apartment 1 spans the first floor and basement, offering 2BR + den, a finished lower-level living area, and a private laundry room. Both units feature wood cabinetry, laminate counters, 24" gas ranges, and ceramic tile tub surrounds. Located just a mile from the shops and restaurants of downtown Hamilton and a half mile from Belair Road retail, this Hamilton-Waltherson location offers walkable access to daily amenities and a more stable, owner-occupied setting. These are easy-to-maintain, easy-to-rent units
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in a neighborhood where well-priced housing continues to lease quickly. For straight investors, this property projects a 10.7% cash-on-cash return and a 9.06% cap rate based on market rents-making it a solid addition to any cash flowfocused portfolio.This MLS Resale home is a townhouse or condo located in BALTIMORE. It offers 5625.00 sq. ft. in size, beds and 2 baths. Review its detailed information and determine if this BALTIMORE MLS Resale has the qualities you are looking for.
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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
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Property Info
Property ID1025786836
Parcel Number27-02-5818A-076
CountyBALTIMORE CITY
Bathrooms2.0
Living Area (sqft)1,680
Year Built01/01/1948
Property TypeTownhouse or Condo
Lot Size5625.00 sq. ft.
Stories2
Total Units1
BasementImproved Basement (Finished)
HeatingForced air unit
CoolingYes
Roof TypeBuilt-up
Style35
Exterior WallsStucco
rto financingtrio