2029 W North Avenue

Description

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 buyersHouse HackersFinancing 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!