6401-6405 Belair Rd Baltimore, MD 21206
- Mixed-use properties
- 6,490 SF
- 0.15 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 6401-6405 Belair Rd
- Year built
- 1927
- Lot size
- 0.15 lot acres
- Property size
- 6,490 SF
- Property type
- Mixed-use properties
Description
This exceptional mixed-use investment opportunity in Baltimore, MD, presents a compelling case for savvy investors. The property, located at 6401-6405 Belair Road, encompasses a substantial 6,490 square feet on a 0.15-acre lot. The building currently houses seven units: one residential and six commercial units, all currently occupied. Six of the commercial leases are month-to-month, while two are one-year leases up for renewal, offering significant potential for rental income growth. Recent lease signings demonstrate strong tenant demand and market stability. The property benefits from recent upgrades to electrical and plumbing systems, reflecting a commitment to quality and maintenance. Tenants are responsible for their own gas and electric utilities. This property boasts a 10%+ capitalization rate, making it an attractive investment. An adjacent two-unit brick building, also owned by the seller, presents an additional value-add opportunity. This building includes two large attached garages and features a second-floor tenant currently paying below-market rent for both the apartment and warehouse/garage space. The first floor is vacant and ready for immediate occupancy by an owner-user or quick lease-up. Financial analysis is available for qualified buyers. The seller is open to financing for well-qualified purchasers. This is a rare chance to acquire a well-maintained, high-performing mixed-use property with significant upside potential. Don't miss this opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Baltimore
- County
- Baltimore City
- State
- Maryland
- Longitude
- -76.5333
- Latitude
- 39.3521
