2006 Poplar Grove St, Baltimore, MD 21216

Two story multi-family home, Exterior: brick siding is in excellent shape, foundation is concrete, home has no gaps or shifting. The roof has no leaks, Front porch is covered and has new wood and roof. There is no true front or back yard. Parking is available on the street. Home has nice curb appeal and is in excellent condition. Interior Features: Home is three units all with one bedroom and one bathroom, #1 is in the basement,#2 is on the first floor, #3 is on the second floor. Unit#1: Living room has linoleum floors,Fireplace and mantle, walls are wood paneled and in great condition. All three Kitchens has been upgraded and all appliances have been replaced. All three bathrooms have been upgraded. All windows are New and the interior and exterior has been painted. All units are rented to very good tenants. We screened about 40 applicants and picked the best three. Here are the numbers: Basement unit A rented for $400 1st floor unit rented for $450 2nd floor unit rented for $450 total monthly income $1,300 Expenses: monthly taxes $58.17 monthly insurance $60.00 monthly expenses $60.00 Management 10% $130.00 Total monthly expenses $348.17 Monthly Net operating income $991.83 This income producing property is being sold at a 14% cap rate All pictures were taken October 7,2010 with tenants in all three units