1. Maryland
2. Halethorpe
3. 4606 RIDGE AVE

4606 RIDGE AVE, Halethorpe, MD 21227

• 6 beds |
• 4 baths |
• 3,374 sqft

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.

Listing Status:

Active

Listing Office:

Fairfax Realty Premier : 3014399500

Listing Agent:

David A Alvarado : 2409979506

MLS ID:

MDBC2136600

Interior

• Basement: Connecting stairwayInterior accessPoured concreteSump pumpUnfinishedWater proofing system
• A/C: Window Unit(s)
• Heating: RadiatorNatural Gas
• Disability Feature: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of David A Alvarado, Fairfax Realty Premier