Bought with Ricky Nelson • Cummings & Co. Realtors
$485,000
$480,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
6,490 SqFt
SOLD DATE : 05/01/2025
Key Details
Sold Price $485,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,490 sqft
Price per Sqft $74
Subdivision Overlea
MLS Listing ID MDBA2153852
Sold Date 05/01/25
Year Built 1927
Annual Tax Amount $6,346
Tax Year 2024
Lot Size 6,638 Sqft
Acres 0.15
Property Sub-Type Mixed Use
Source BRIGHT
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
Heat Source Natural Gas, Electric
Exterior
Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
View Street
Roof Type Built-Up,Flat
Accessibility 2+ Access Exits
Road Frontage City/County
Garage N
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
Tax ID 0326235710 001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional, Other, Seller Financing
Listing Terms Cash, Conventional, Other, Seller Financing
Financing Cash,Conventional,Other,Seller Financing
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
GET MORE INFORMATION
- Homes For Sale in Bear, DE
- Homes For Sale in Claymont, DE
- Homes For Sale in Clayton, DE
- Homes For Sale in Delaware City, DE
- Homes For Sale in Dover, DE
- Homes For Sale in Hockessin, DE
- Homes For Sale in Middletown, DE
- Homes For Sale in Newark, DE
- Homes For Sale in New Castle, DE
- Homes For Sale in Rehoboth Beach, DE
- Homes For Sale in Saint Georges, DE
- Homes For Sale in Townsend, DE
- Homes For Sale in Wilmington, DE
- Homes For Sale in Avondale, PA
- Homes For Sale in Coatesville, PA
- Homes For Sale in Devon, PA
- Homes For Sale in Drumore, PA
- Homes For Sale in King of Prussia, PA
- Homes For Sale in Landenberg, PA
- Homes For Sale in Lincoln University, PA
- Homes For Sale in Nottingham, PA
- Homes For Sale in Oxford, PA
- Homes For Sale in Quarryville, PA
- Homes For Sale in Springfield, PA
- Homes For Sale in West Chester, PA
- Homes For Sale in West Grove, PA
- Homes For Sale in Chesapeake City, MD
- Homes For Sale in Earleville, MD
- Homes For Sale in Elkton, MD
- Homes For Sale in Rising Sun, MD
- Homes For Sale in North East, MD