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Katie Moore

[email protected] +1(443) 623-7887

$ 480,000

Est. payment -/mo

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6401-6405 BELAIR RD Baltimore, MD 21206

6,490 SqFt

UPDATED:

01/24/2025 02:57 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,490 sqft

Price per Sqft $73

Subdivision Overlea

MLS Listing ID MDBA2153852

Originating Board BRIGHT

Year Built 1927

Annual Tax Amount $6,346

Tax Year 2024

Lot Size 6,638 Sqft

Acres 0.15

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

Listed by Kathy M Townsend • Cummings & Co. Realtors

Katie Moore

Advisor | License ID: 667359

+1(443) 623-7887

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