5638 Midwood Avenue
Baltimore, MD 21212

DUPLEX – Live in One Unit or Rent Both It’s a students dream. 6 mins off campus. Barking. Washer dryer. I meannnnnn.. They are charging $1000 for off campus student housing and that was in 2019. Morgan has a HUGE housing shortage per admitted student. Ideal for an owner-occupant or investor. Major updates on the roof and new sewer & water line (Len the Plumber, 2019). The property was fully registered and licensed with Baltimore City and included lead certificates. Investor Highlights: • Estimated market rent for vacant unit: $1,500–$2,000/mo • Potential gross annual rent (both units): $24,000–$40,000/yr • Estimated NOI (after typical expenses): $25,000–$28,000/yr • Implied value at a 6%–7% cap rate: $357K–$416K Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on loan terms. Strong rental potential, updated systems, and flexible living or investment options. View this listing at: http://thefergusongroup.co/mls=MDBA2192070