6401-6405 BELAIR RD Pending Save Request In-Person Tour Request Virtual Tour
Baltimore,MD 21206
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 6,490 sqft
Price per Sqft $73
Subdivision Overlea
MLS Listing ID MDBA2153852
Year Built 1927
Annual Tax Amount $6,346
Tax Year 2024
Lot Size 6,638 Sqft
Property Sub-Type Mixed Use
Property Description
Attention New and Experienced Real Estate Investors! Are you ready to diversify into Commercial Real Estate? Here's your chance! This well-maintained 7-unit property offers a mix of 1 residential and 6 fully occupied commercial units. With two one year leases up for renewal and the remaining tenants on month-to-month agreements, there's incredible potential for upside. Most tenants have remained long-term, and two new leases have recently been secured, ensuring stability. This property is a standout, reflecting pride of ownership throughout, with upgraded systems, electrical, and plumbing already in place. Tenants are responsible for their own gas and electric, and the property boasts a 10%+ cap rate. Additionally, the seller owns an adjacent 2-unit brick building with two large attached garages. The 2nd-floor tenant rents both the apartment and the warehouse/garage at below-market rates, offering value-add potential.
The 1st floor is ready for an owner-user or quick lease-up to maximize returns. Financial analysis available upon request. The seller is open to financing 6401-6405 Belair for well-qualified buyers.
Don't miss this opportunity—Schedule your showing today!
Location
State MD
County Baltimore City
Zoning C-1
Interior
Hot Water Natural Gas
Heating Other,Central,Baseboard - Electric,Radiator
Cooling Ceiling Fan(s),Multi Units,Programmable Thermostat,Window Unit(s),Zoned,Ductless/Mini-Split,Central A/C
Flooring Ceramic Tile,Concrete,Engineered Wood,Luxury Vinyl Plank,Partially Carpeted,Marble
Exterior
Utilities Available Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Access N
View Street
Roof Type Built-Up,Flat
Building
Lot Description Corner,Irregular,Level,SideYard(s)
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore City Public Schools
Others
Acceptable Financing Cash,Conventional,Other,Seller Financing
Listing Terms Cash,Conventional,Other,Seller Financing
Special Listing Condition Standard