Remarks

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!

Details

MLS#: MDBA2153852
Price: $480,000

Year Built: 1927

County: BALTIMORE CITY
Subdivision: Overlea
Tax Fee: 6346.0