🔥 Baltimore Value-Add Opportunity – Coleherne Rd (21229)
💰 Price: $142,000
📈 ARV: ~$225,000
3 Bedrooms | 1 Full Bath + 1 Powder Room | ~1,216 SqFt Above Grade
➕ ~300 SqFt Walkout Basement
This well-located 3BR rowhome offers a strong value-add opportunity in a stable, owner-occupied neighborhood with limited turnover. The home already has several key updates completed, making this a light-to-moderate rehab with clear upside.
🏡 What’s Already Done:
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Updated kitchen with granite countertops, stainless steel appliances, cabinets & backsplash
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Decent flooring throughout
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Light paint & optional recessed lighting
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Strong curb appeal + nice rear deck
🛠️ Value-Add Scope:
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Paint + fixture refresh
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Two bedrooms have textured walls (optional replacement)
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Bathroom: reglaze or full update depending on exit strategy
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Basement: prior water heater leak → flooring removed, minor wall discoloration
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Needs paint + new flooring
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Walkout basement with flexibility:
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Keep powder room or convert to full bath
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Open layout or wall off for bedroom/flex room
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🚗 Parking & Street:
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Plenty of street parking
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Wide 4-lane street allows easy traffic flow even with parked cars
📊 Comps & Area Notes:
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4624 Coleherne Rd (same street)
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Very few sales in this pocket — longstanding homeowners
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Surrounding comps from earlier this year support $230K–$250K
💡 Why This Deal Works:
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Updated kitchen already completed
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Flexible basement layout for added value
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Stable neighborhood with proven resale strength
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Ideal for flip, BRRRR, or hybrid hold
🔥 Solid bones, clear upside — submit your offer before this one’s gone.