4109 Echodale Ave, Baltimore, MD 21206

This property is located in the Moravia Rd Belair Rd neighborhood directly across from Gardenville Elementary School. - Priced at $40,000- Needs about 10k - 15K in rehab. - Legally zoned as a 2 unit with 2 separate meters. May easily be converted into a single unit if buyer so desires.*Details you should know- Zillows estimated value of 50K is based on 2Bd 2 Bath which is not the accurate description of property. It is actually a 3Bd 2 1/2 Bath. There are two kitchens due to it being a legally zoned multiple unit. Upstairs Kitchen can easily be made the 3rd bedroom. There is a half bath in basement of property. - Tax assessment value as of Jan 2013 is $122,000. You can find this info at www.dat.state.md.us. Need help doing so contact me I'll walk you through.- based on the following 3 comps with criteria of solds in last 6 months within 1/2 mile radius the calculated value is $128,856 which based on my sale price is a 65% return on investment if rehabbed and sold at full market.- If you purchase via cash and put $10,000 - $15,000 into property have it appraised and list at full market you should make at least $73,356 profit.- For those of you that would rather rehab and rent out you have the option of 1 tenant in single family or 2 tenants with multi-unit for double the cash flow.- Average Rental rate is &751.00 > 3905 Forrester Ave. > 3802 Frankford Ave. > 4413 Parkwood Ave.