2304 Tioga Pkwy

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2304 Tioga Pkwy

Baltimore, MD 21215
Asking Price
$470K
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

What's Special

Multifamily | 5 Units | $94,000/unit <p>Current average rent of $1,115/unit vs. projected market rent of $1,340/unit, offering immediate growth potential.</p><p></p><p>Net Operating Income rises from $46.4K (Year 1) to $50.8K (Year 7), with cap rate increasing from 7.74% to 8.46%.</p><p></p><p>Four-story building with five 1-bedroom units, large bedrooms, hardwood floorings, granite countertops, white shaker style cabinet, private baths, and AC/heating.</p><p></p><p>Northwest Baltimore (Liberty Square/Mondawmin) near major hospital

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NOI
$80,000
Cap Rate
17.02%
DSCR
2.87
Strong
Cash-on-Cash
36.95%
Monthly Payment
$2,325.304
Annual Cash Flow
$52,096.357

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