5638 Midwood Avenue, Baltimore, MD 21212

Property Description

Value-add duplex in a desirable 21212 location, priced to reflect the cosmetic updates needed. Major systems—including roof, HVAC, plumbing, and electrical—are in solid condition. Brand-new front and rear exterior doors have been installed, and the property is secured with a hardwired ADT alarm with monitoring. Interior unit entry doors will be installed or can be addressed through a seller concession. With an estimated $25,000 in cosmetic improvements, the property could reach an approximate $250,000 value (buyer to verify). 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. DUPLEX — Live in One Unit or Rent Both. Ideal for an owner-occupant, house-hacker, or investor seeking sweat equity. Notable updates include a new sewer and water line (Len the Plumber, May 2019) and roof updates. The property has been registered and licensed with Baltimore City and includes lead certificates (verify status). Investor Highlights (estimates): Market rent (vacant unit): $1,500–$2,000/mo Potential gross annual rent (both units): $24,000–$40,000/yr Estimated NOI (typical expenses): $25,000–$28,000/yr Implied value at a 6%–7% cap rate: $357,000–$416,000 Owner-Occupant Benefit: Rental income from one unit could offset 60%–70% of monthly housing costs, depending on financing. Sold as-is. Inspections welcome for informational purposes. Strong rental potential, updated systems, and flexible living or investment options make this an opportunity worth seeing.

Property Features

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