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Off-Market
Essex, MD 21221948 Middlesex Rd
Essex, MD 21221, USA
List price
$155,000
$•••,•••
3
beds
1.5
baths
1,024
sq ft
1956
built
Single Family
Photos of the property
Explore the location
· from aerial to streetside.
Story
OfferMarket Exclusive Listing
DO NOT DISTURB THE TENANTS. Awaiting judge to set eviction date. Buy direct and save on this turnkey rental investment property.
Terms
- Asking price set by Seller who will review all offers (submit an offer!)
- Seller reserves the right to accept an offer before the deadline
- Buyer pays closing costs
- AS IS
- $5,000 EMD
- Close using Terrain Title & Escrow Company
Notes
- Current tenants were paying $1,300 / month (month-to-month)
- Current tenants have not paid rent since June 2021
- Awaiting judge to set eviction date
- Market rent: $1,600 - $1,800 / month
- Deal Details section assumes $1,650/month rent, 25% down, 4% interest rate, 8% management fee, 5% vacancy rate
- 2022 taxes: $2,319.95 (County: $1,283.34, State: $130.67, Bay Res Fee: $60, Sewer Service: $612.54, Water Distribution: $233.40)
- Parking: off-street spaces are available behind the house, back yard can be converted to parking pad
Property details
21 property details
Property
· The bones — what the buyer sees first
Bedrooms
3
Full baths
1
Half baths
1
Finished sq ft
1,144 sq ft
Above-grade sq ft
1,024 sq ft
Below-grade finished sq ft
120 sq ft
Year built
1956
Stories
2
Units
1
Property type
Single Family
Occupancy
Rental Property
Condition (1–5)
4
Neighborhood
Essex
County
Baltimore County
Financials
· What it earns and what it costs to hold
ARV (after repair)
$170,000
Tax-assessed value
$116,667
Property tax rate
1.1%
Cap rate
8%
Cash-on-cash return
13%
Monthly cash flow
$485 /mo
Features
· Comfort, climate, and curb appeal
Basement
Finished
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