OFF MARKET TURNKEY TOWSON 2 BED CONDO IN PENTHOUSE – $120K BUY IT NOW
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Description
🏢 Turnkey Condo in The Penthouse Building – Towson, MD
📍 28 Allegheny Ave #805
💰 Starting Price: $117,500
⚡ Buy It Now: $120,000
🛏 2 Bed / 1 Bath – Turnkey Unit
✨ Located in the highly sought-after Penthouse Building
This 2-bedroom, 1-bath condo offers a strong investment opportunity in the heart of Towson. With recent rental comps showing one-bedroom units leasing for $1,600+, this spacious two-bedroom has projected rents of $1,650+/month. Perfect for investors seeking solid cash flow with long-term appreciation upside.
Financials:
- Condo Fee: $550/month
- Special Assessment: $140/month
- Parking: $125/month
Condo Fee Covers: Alarm System, Common Area Maintenance, Exterior Maintenance, Insurance, Management, Pest Control, Outdoor Pool, Reserve Funds, Sewer, Snow Removal, Trash, Water.
Building Amenities: Concierge, Elevator, Fitness Room, Game Room, Library, Meeting Room, Picnic Area, Outdoor Pool.
Rental Comps:
- Unit #1012 (1BR) – Rented $1,605 (6/28/25)
- Unit #806 – Rented $1,695 (12/15/24)
Sales Comps:
- #2201 – Sold $160,000 (5/16/25)
- #1901 – Sold $140,000 (8/15/25)
- #1212 (1BR) – Sold $150,000 (5/9/25)
📊 ARV: $150K+
🏫 Extremely convenient to Towson University, shopping, and all major commuter routes.
🚀 Whether you’re looking to buy & hold for steady cash flow or renovate for appreciation, this condo is a prime off-market opportunity.
Estimated Spread
- ARV $150,000
- Price $117,500
- Spread $32,500
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