Multi Family Buy and Hold investor dream! This property is in a phenomenal location, resides conveniently across the street from major shopping centers (Giant, Rite Aid Petco, Qdoba, Five Guys, Etc) Towson has several major development projects recently completed and several more active.ARV â $450,000-$500,000Repairs will be needed to get market rent.Expected monthly gross income after repairs $3,500-$4,000 a month9.8% CAP (calculated with $100,000 repair budget)3 Units â1 â 3 Bedroom (main level) Rented for $900 a month1 â 2 Bedroom (upstairs) Rented for $850 a monthTenant is behind 6 months1- 1 Bedroom (upstairs) Rented for $650 a monthTenant is behind 6 monthsEach tenant is on a month to month lease.The property is separately metered.The property is north of northern parkway just off York rd.5 minute drive to Towson University.8 minute drive to Towson Town Center.This is an assignment of contract. Agent commission negotiable.
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