$195,000
$206,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
1,254 SqFt
SOLD DATE : 06/28/2024
Key Details
Sold Price $195,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,254 sqft
Price per Sqft $155
MLS Listing ID MDBA2118836
Sold Date 06/28/24
Style Other
Abv Grd Liv Area 1,254
Originating Board BRIGHT
Year Built 1940
Annual Tax Amount $3,634
Tax Year 2024
Lot Size 7,497 Sqft
Acres 0.17
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.
Location
State MD
County Baltimore City
Zoning R-1
Rooms
Basement Other
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Tax ID 0328028198 006
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jason Pinson • Revol Real Estate, LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
rakan.a@firststatehometeam.com
1521 Concord Pike, Suite 102, Wilmington, DE, 19803, United States