Baltimore Rambler: No Basement, Huge Spread ($165K)
Arundel Gardens 3/2 full Clean-Out—Big Spread, Simple Footprint
Ask: $165,000
ARV: $335,000
Est. Rehab: ~$85K–$95K (clean-out + full interior modernization, systems, cosmetics)
DEAL AT A GLANCE
- 3 Bed / 1.5 Bath | 1,302 sq ft | 1955 Rambler
- Lot: 5,000 sq ft (0.115 acre)
- Layout: 1-level ranch, no basement
- Subdivision: Arundel Gardens
- Tax Assessment: $215,600 (already $50K under value)
- Parking: Carport + Driveway
WHY THIS DEAL WORKS
- Strong Spread: Priced at 50% ARV even after rehab.
- Reno-Friendly Footprint: 1,302 sq ft ranch — simple systems and layout make renovation straightforward.
- Neighborhood Demand: Recent flips in Arundel Gardens area are moving fast in the $330K–$360K range.
- Clean-Out Needed: but bones are solid. Solid Foundation
COMPS (0.5–1.0 Mile Radius)
- 119 Bon Air Ave – $332K (2/2, 1,056 sq ft)
- 5919 Belle Grove Rd – $361K
- 308 17th Ave – $357,500
- 10 Cedar Hill Rd – $329K
Subject sits right in the sweet spot at 1,302 sq ft with 3/1.5 layout.
REPAIR SNAPSHOT (~$85K–$95K)
- Interior: Full clean-out, new flooring, drywall, modern kitchen + 2 baths.
- Systems: Likely HVAC, electrical, plumbing updates needed.
- Exterior: Roof, siding, landscaping clean-up.
- Carport/Yard: Marketable, just cosmetic touch-ups.
INVESTOR UPSIDE
- Exit Strategy: Flip
- ARV: $335K
- Spread after Reno (~$90K): ~$80K+ potential margin depending on finish level.
- Exit Strategy: Buy & Hold
- Rental Estimate: ~$2,100–$2,200/month in current market.
- Steady cash flow once modernized.
Exterior
- Solid brick construction, carport, manageable yard.
Interior
- High-level clean-out required.
- Functional 3/1.5 footprint ready for modernization.
Systems
- Condition uncertain — expect full update budgeted in.
SHOWING INFO
📅 Saturday, Sept 6 | 12–2 PM
First come, first served. Bring your contractor, bring your offer.
🔥 Price: $165K | ARV: $335K+ | Rehab: ~$90K