2029 W North Ave, Baltimore, MD 21217

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 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. Traditional buyers House Hackers Financing Note: Buyers may qualify for a special First National Bank program offering no down payment and no PMI - available to first-time and repeat buyers. Feel free to contact the listing agent for details! A rare opportunity to acquire a property with a proven rental track record, recent code-compliant upgrades, and the potential to significantly boost income!

Property Features