4606 RIDGE AVE Active Save Request In-Person Tour Request Virtual Tour
Halethorpe,MD 21227
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,374 sqft
Price per Sqft $176
Subdivision Halethorpe
MLS Listing ID MDBC2136600
Style Colonial
Bedrooms 6
Full Baths 4
Year Built 1915
Annual Tax Amount $4,195
Tax Year 2024
Lot Size 0.287 Acres
Property Sub-Type Detached
Property Description
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.
Location
State MD
County Baltimore
Zoning RESIDENTIAL 04
Interior
Hot Water Natural Gas
Heating Radiator
Cooling Window Unit(s)
Exterior
Garage Spaces 6.0
Water Access N
Building
Story 4
Foundation Stone,Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Baltimore County Public Schools
Others
Acceptable Financing Cash,FHA,Conventional,VA
Listing Terms Cash,FHA,Conventional,VA
Special Listing Condition Standard