4410 Elderon Avenue, Baltimore, MD 21215
- $195,000
- 4
- BD
- 2
- BA
- 1,254
- SqFt
- Sold Price
- $195,000
- List Price
- $206,000
- Closing Date
- Jun 28, 2024
- MLS#
- MDBA2118834
- Year Built
- 1940
- Status
- CLOSED
- Type
- Single Family Residential
- Bedrooms
- 4
- Baths All
- 2
- Baths Full
- 2
- Living Area
- 1,254
- Total SqFt
- 1254
- County
- Baltimore City
- Subdivision
- West Arlington
Property Description
Welcome to 4410 Elderon, a duplex in a quiet block of West Arlington neighborhood. Separately metered, separate entrances, and ready for immediate cash flow in current condition. Total rental income is approx. $2345 per month. Unit 1 is a 2/1 at $1480 and currently occupied with strong market value rent from Sec 8. Unit 2 is 1/1 at $900 and recently vacant with previous long term tenant. There are several value add opportunities to increase cash flow. Add an extra BR and BA to Unit 1 in the spacious basement not being utilized to convert to a 3/2 and increase rental income to $1600+. With some cosmetic rehab, there is a strong opportunity to increase total rent over $2700. The other option is to convert the basement to a separate 1/1 unit – rehab can be done while tenant resides in property. Another option is to convert to a SFH for ARV of $320-335K based on recent comps (4111 Groveland Ave - $335K, 4011 Elderon Ave - $320K). Rental license & lead certification up to date throughout ownership of property. A new roof was installed in 2022; there is new concrete/walkway pavement to the house and all maintenance are up to date. As-is condition.
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Additional Information
- Other Structures
- Above Grade, Below Grade
- Structure List
- Above Grade, Below Grade
- Style
- Other
- Basement
- Yes
- Cooling Fuel
- Electric
- Cooling
- Central A/C
- Heating Fuel
- Electric
- Heating
- Central
- Hot Water
- Electric
- Sewer Septic
- Public Sewer
- Water
- Public
- Tax Year
- 2024
- Possession
- Settlement, Subject to Existing Lease
- Days on Market
- 73
- Acres
- 0.17
- Ownership
- Fee Simple