Update: 1226 Hollins Street

This sad property has only deteriorated in the four years since we first wrote about it.  Same ownership, too.  I fail to understand why someone would bother to own a property (even to pay off a foreclosure) and then not do anything with it.  Where’s the advantage in that?

1226 Hollins Street, June 20, 2014

1226 Hollins Street, June 20, 2014

 

3 comments

  1. Amos

    Zillow values the house at $51K. Zillow estimates the rent at $1265 which sounds about right. It looks like it would cost $250-$300,000 to put into proper shape for a tenant to desire it, and subsidized tenants, the only ones who have $1265 to pay for Hollins Market,have all the say these days. Since there’s no resale potential, why would anybody want to take this on for what amounts to a 3.5% lifetime annuity. Sad.

    • Baltimore Slumlord Watch

      I agree. The amount of money it would take to bring this home even close to habitable wouldn’t be worth it. So…why bother hanging onto it?

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