Income-Producing Opportunity in the Up-and-Coming Coppin Area! This well-maintained property offers strong investment potential with immediate income. Currently generating $30,720 annually ($2,560/month) under a 4 non-related occupants residential license, it provides steady cash flow from day one. By renting out the 5th bedroom and 6th bedroom, projected income could increase… Read More to $47,040 annually (with proper boarding/rooming licensing) - exceeding the REI 1% rule and adding an extra $14.4k-$18,240 per year. Transitional Housing History: The property was once licensed as a transitional house, and recent modifications - including updated floors, alarms, fire escape, and windows - were made to meet licensing requirements, providing versatility for future use. Property Highlights: 6 Bedrooms - Ample space for residents or program rooms. 2.5 Bathrooms - Convenient for shared living arrangements. Recent Updates - Alarms, fire escape, and windows upgraded in the recent past. Additional Features: Outdoor space with backyard and fire escape. Accessibility features to accommodate diverse needs. Ideal For: Buy-and-hold investors seeking immediate cash flow. Operators seeking housing layouts suited for group living or program needs. A rare opportunity to acquire a property with a proven rental track record, recent code-compliant upgrades, and the potential to significantly boost income! Read Less
Courtesy of Coldwell Banker Realty, Camille Scott, [email protected].
Listing Snapshot
Days Online
11
Last Updated
Property Type
Townhouse
Beds
6
Full Baths
2
Partial Baths
1
Square Ft.
850
Lot Size
0.05 Acres
Year Built
1915
MLS Number
MDBA2176716
30 Days Snapshot Of 21217
$234k
-5%
(avg) sold price
17
-37%
homes sold
97
+11%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished
Building
850 sqft below grade (unfinished), Built in 1915, Structure Type: Interior Row/Townhouse, 3 levels, Colonial, Brick
This information is provided exclusively for consumers' personal, non-commercial use; that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by BrightMLS. Information may appear from many brokers but not every listing in BrightMLS is available. This content last updated on .
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