Baltimore, MD 21206 6401-6405 Belair Road

Pending
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Presented By: Cummings & Co. Realtors
  • MLS# MDBA2153852
  • 01/24/2025
  • Request Tour
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  • SQFT • 1

Home Details

Attention New and Experienced Real Estate Investors! Are you ready to diversify into Commercial Real Estate? Heres 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. Dont miss this opportunitySchedule your showing today!
Presented By: Cummings & Co. Realtors

Interior Features for 6401-6405 Belair Road

Bathrooms

Total Restrooms7

Other Interior Features

Central Air Y/NYes
FlooringCeramic Tile, Concrete, Engineered Wood, Luxury Vinyl Plank, Partially Carpeted, Marble
Heating FuelNatural Gas, Electric
Heating Y/NYes
Hot WaterNatural Gas
Number of Elevators
Total Stories2

Other Rooms

Entry Level1

General for 6401-6405 Belair Road

Acceptable FinancingCash, Conventional, Other, Seller Financing
Accessibility2+ Access Exits
Business TypeHair Salon and Spa, Health Club, Other/General Retail, Religious Facility, Vet/Kennel, Other
Cap Rate11.00
CityBALTIMORE
Construction MaterialsConcrete, Other
Cool FuelElectric
CoolingCeiling Fan(s), Multi Units, Programmable Thermostat, Window Unit(s), Zoned, Ductless/Mini-Split, Central A/C
CountyBALTIMORE CITY
DirectionsSouth from 695 on Belair Road to property on Left. Approx. 1/2 mile past Kenwood Avenue.
Electric200+ Amp Service
Gross Income70680.00
HeatingOther, Central, Baseboard - Electric, Radiator
Historic Y/NNo
Legal SubdivisionWard 26
Location TypeCorner Lot/Unit
Lot Size Square Feet6638.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-02-27T07:39:58
MunicipalityBaltimore City
Net Operating Income53114.00
New ConstructionNo
Number Of Units Total7
OwnerPaysAccounting/Legal, Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Lawn/Shrub Care, Management, Miscellaneous, Repairs, Reserves for Replacement, Sewer, Sewer Maintenance, Snow Removal, Taxe
OwnershipFee Simple
PossessionNegotiable
Possible UseBarber/Beauty, Church, Clothing, Commercial, Day Care, Food & Beverage, Florist/Nursery, Professional Service, Residential, Retail, Spa, Other
Price Per Sq Ft Total AG73.96
Property ConditionVery Good
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseInvestment
RoofBuilt-Up, Flat
SewerPublic Sewer
Standard StatusPending
StatusPENDING
Subdivision NameOVERLEA
Tax Annual Amount6346.0
Tax Assessed Value268900.0
Tax Lot001
Tax Year2024
Total Actual Rent70680.00
TransportationBus Stop less than 1 mile
UtilitiesElectric Available, Natural Gas Available, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewStreet
Water Access Y/NNo
Waterfront Y/NNo
Year Built1927
Year Built SourceAssessor
ZoningC-1

Exterior for 6401-6405 Belair Road

Building Area Total6490.00
Car Parking Spaces
Door FeaturesSix Panel
Fencing Y/NY
Foundation DetailsConcrete Perimeter
Land Assessed Value53100.00
Land Use CodeC01
Lot FeaturesCorner, Irregular, Level, SideYard(s)
Lot Size Acres0.15
Lot Size SourceAssessor
Navigable Water Y/NNo
Road ResponsibilityCity/County
Total Loading Docks0
Total Parking Spaces0
Traffic CountGreater than 30000
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $480,000
MLS#MDBA2153852
List Date 01/24/2025
Property Type Pending
Phone 703.929.4729
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