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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 1/24/2025 |
|---|---|---|---|
| TRACT | OVERLEA | YEAR BUILT | 1927 |
| COUNTY | BALTIMORE CITY | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | BALTIMORE CITY PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Ductless, Electric, Multi Units, Window Unit(s), Zoned |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| CONSTRUCTION | Concrete, Other |
| HEAT | Baseboard, Central, Electric, Natural Gas, Other, Radiant |
| LOT | 6534 sq ft |
| LOT DESCRIPTION | Corner Lot, Irregular Lot, Level |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | OVERLEA |
| TAXES | 6346 |
| UTILITIES | Natural Gas Available, Sewer Available, Water Available, Electricity Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Street |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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