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!
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Listing Snapshot
Price
$480,000
Days On Site
69 Days
Bedrooms
N/A
Inside Area (SqFt)
6,490 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.15 Acres
Year Built
1927
MLS® Number
MDBA2153852
Status
Pending
Property Tax
$6,346
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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Recent Activity
a month ago
Status changed to Pending
a month ago
Listing updated with changes from the MLS®
2 months ago
Listing first seen on site
General Features
Acres
0.15
Additional Property Use
CommercialResidentialRetailOther
Foundation
Concrete Perimeter
Number Of Stories
2
Parking
On Street
Property Sub Type
Mixed Use
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
6490
Utilities
Natural Gas AvailableSewer AvailableWater AvailableElectricity Available
Water Source
Public
Zoning
C-1
Interior Features
Appliances
Gas Water Heater
Cooling
Central AirCeiling Fan(s)Multi UnitsWindow Unit(s)ZonedDuctlessElectric
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