4 Beds 1.5 Baths in Baltimore, MD

Baltimore County, MD Subto Deal 🔥🔥

Unlock a prime investment opportunity with this Subto deal in Baltimore County, MD. This spacious 4-bedroom, 1.5-bathroom home offers 1,536 square feet of living space, making it ideal for a variety of rental or resale strategies.

Financial Details:

• Subto Contract Fee: $30,000 (to bring mortgage up to date)
• Remaining Mortgage: $180,000
• Monthly Payment: $1,200 (PITI)
• Interest Rate: 6% fixed
• Buyer Responsibility: Closing costs

Property Details:

• Bedrooms: 4
• Bathrooms: 1.5
• Square Footage: 1,536 sq ft
• Occupancy: Currently occupied, will be delivered vacant
• Condition: Needs moderate to heavy rehab, sold as-is

This property presents a significant opportunity for investors looking to enter the market with minimal upfront costs. The upfront fee of $30,000 covers the costs to bring the mortgage current, allowing you to take over the existing $180,000 mortgage at a fixed interest rate of 6%, resulting in a manageable monthly PITI payment of $1,200.

While the property requires a moderate to heavy rehab, it offers substantial potential for value addition. With the right improvements, this home could be transformed into a profitable rental property or a high-value resale.

Investment Highlights:

• Low Upfront Cost: Only $30,000 upfront fee plus rehab budget and closing costs.
• Fixed Interest Rate: Secure a fixed 6% interest rate on the existing mortgage.
• Vacant Possession: Property will be delivered vacant, providing immediate access for renovations.
• Sizeable Property: With 4 bedrooms and 1.5 bathrooms, this home is well-suited for families or multiple tenants.

This deal is perfect for investors ready to invest in renovations and capitalize on the growing Baltimore County real estate market. Secure this property subject to the existing mortgage and unlock its full potential.

Details

Property ID
SPSP-18390

Bedrooms
3

Bathrooms
2

Property Size
1536

Entry Cost ($)
30000

APR (%)
6

PITI ($)
1200

Balance ($)
179998