4308 Belair Rd, Baltimore, MD 21206
- $150,000
- 1,470
- SqFt
- Sold Price
- $150,000
- List Price
- $159,900
- Closing Date
- Dec 05, 2023
- MLS#
- MDBA2097472
- Year Built
- 1927
- Status
- CLOSED
- Type
- Multifamily
- Living Area
- 1,470
- County
- Baltimore City
- Subdivision
- Gardenville
Property Description
Price Reduction! Great buy for an investor or a user. This property has been recently renovated and more recently refreshed. The many updates include a recent rubber membrane roof. A fully equipped beauty salon could be adapted for other uses, such as a nail salon, spa or barber shop. it is spotless and turn key. Above is a spacious renovated apartment with a renovated kitchen containing stainless steel appliances and white cabinets. The original hardwood floors are refinished. There is also a roof deck. The property is being delivered vacant. The market value rents are $950 for the apartment and $1250 for the salon. The tenants pay most utilities. The current taxes are low. The property has great numbers as an investment property. The cap rate would be over 12%. There is a large fenced back yard that could be used for parking. However, parking is also abundant on the street. This would also be a good candidate for live in part and rent part or live where you work. It is an attractive block with a heavy traffic flow and high visibility. It is also about a block from a lovely park. It is located convenient to Hopkins Hospital and downtown. It's also just a few miles 'west of I-95. This is perfect for a first time investor. It's ready to rent and will have a great positive cash flow.
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Additional Information
- Other Structures
- Above Grade, Below Grade
- Style
- Converted House
- Interior Features
- Traditional Floorplan, Other, Wood Floors
- Basement
- Connecting Stairway, Interior Entry, Improved, Water Proofing System, Full
- Cooling
- Wall Units, Window/Wall
- Heating
- Electric Baseboard
- Water
- Public
- Possession
- Settlement
- Days on Market
- 56
- Acres
- 0.04
- Ownership
- Ground Rent