$595,000
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4606 Ridge Avenue Halethorpe, MD 21227
Single Family-Detached
Residence
6
Beds
4
Baths
...
Bed/Bath
3,374
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
LEGAL 4 Unit with 1 vacancy! Great opportunity to buy as an owner occupant and let the tenants help you build equity! Individually metered for gas and electric, 4 separate entrances, coin laundry, and room to add value and increase NOI through renewals and renovations. There are 2 - 1bd/1bth units ...and 2 - 2bd/1bth units. In place tenants have been at the property for many years and have signed extensions through 2025 and 2026. The property has been well maintained over the years and had its first vacancy in over 8 years. The unit is in good condition and requires minimal work to prepare for leasing to a new resident. Rents: 1A - 2bd/1bth - leased for $1150/mo 1B - 2bd/1bth - leased for $1175/mo 2A - 1bd/1bth - vacant 2B - 1bd/1bth - leased for $1,100/mo Gross potential income by taking units to market rents of over $5000/mo + other income. Plenty of on-site parking and great access for residents to the Marc Station, Route 1 and 695. Good history of renting and potential to be a stable long term investment for the next owner.
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MLS#
MDBC2136600
Property Type
Single Family-Detached
Bedrooms
6
Bathrooms
4 Full
Year Built
1915
Square Feet
3,374
sq. ft
Price per Sq. Ft.
$176.35
Lot Size
0.29
Stories
4.0
Sewer
Public Sewer
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