This single-family residence in the College Park neighborhood offers immediate stability and strong cash flow rather than a typical value-add project. Key highlights include:
Purchase Price: $75,000 – an exceptionally low entry point relative to the market.
Capital Expenditures: Minimal or none required ($5,000 or less anticipated).
ARV: $150,000, indicating significant inherent value.
Rent: $1,150/month, a strong return with no immediate need to adjust the lease.
Annual Taxes: $1,800 (current due: $1,615.05).
Property Details:
Built in 1941
1,355 sq. ft. with 755 sq. ft. basement
Zoning: R1 Residential
Lot Size: 0.107 acres (40 ft x 116 ft)
Neighborhood Highlights:
Proximity to DMC Sinai Grace Hospital
Access to local fresh food markets (Glory Super Market, Princess Superette Market)
Area well-known to our property management team.
Investment Positioning
This property delivers immediate income with minimal upfront effort. It is already tenant-rented at an above-average price for the area, eliminating the need for significant capital expenditures or lease renegotiations. Its affordability and stable income make it an excellent addition to MTMA’s portfolio, aligning with our strategy of acquiring undervalued assets with robust cash flow.
This truly speaks to the acquisition expertise of our Team.