$135,000
$139,900
3.5%For more information regarding the value of a property, please contact us for a free consultation.
4 W OVERLEA AVE Baltimore, MD 21206
2,880 SqFt
Key Details
Sold Price $135,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $46
Subdivision Overlea
MLS Listing ID MDBC489746
Style Federal
Year Built 1949
Annual Tax Amount $2,920
Tax Year 2020
Lot Size 1,875 Sqft
Property Description
Out-of-State Owners. Dissolved Partnership. Must Sell!! Tremendous Opportunity! Est. 2,880 SqFt Over 3 levels. Awesome Commercial Business Local Zoning! Estimated $2,750/m once Fully Leased. Offered Vacant to Allow New Buyer Most Options have Own Business or Lease Out for Maximum Rental Income. Previous Use - 1st Floor Barbershop Rented for $1,100/m. 2BD Upstairs Apt $1,050/m. Lower Level (unrented previously) estimate $600+/m. Permitted Uses Include Offices, Drugstore, Dry-Cleaning, Florist, Dance Studio, Carry-Out Restaurant, Social Club, Veterinarian, Pet Shop, NanoBrewery, Beauty Shop, Jewelry Store, Medical Clinic, Tavern, Commercial Film Production Etc (Full Permitted Uses are Uploaded in Docs). Main Floor has Large, Wide Full Building Width Front Room, Large and Long Back Room w/ Bonus Side Entrance & Additional Private Backroom and Bath. Perfect Set Up for So Many Businesses! Attractive Upstairs 2BD 1BA Apartment with Hardwood Floors, Large Bedrooms, Open Kitchen and 18 Wide Living Area is Perfect to Minimize Your Mortgage and Run Your Business Possibly Rent Free!! (Estimate Payment Including Taxes and Insurance with 5% down on a $140k purchase is $1,017/m). Partially Finished, Full Lower Level w/Half Bath and Separate Rear Entrance could be Leased Separately or as Overflow Space for Main Floor. Property likely needs New Boiler for Main Floor and New Furnace for Lower Level. Upstairs Apartment is in Great Shape Including est. 2 Year Old Furnace. Otherwise, just Cosmetic Improvements to Fit Your Vision and Possible Lower Level Buildout. Ideally Located across the Baltimore County Line (low taxes), a Block from Major Bus Routes, a Mile from I- 695 & Set Just Slightly Back from the Busyness of Harford Rd. This Property has a Rare Combination of Location, Cashflow & Potential!! Do Not Miss Out. Owner Financing Available with 30% Down 6% Interest and 18 Month Balloon Payment.
Location
State MD
County Baltimore
Zoning BL
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Hardwood, Ceramic Tile
Exterior
Water Access N
Roof Type Flat,Rubber
Building
Sewer Public Sewer
Water Public
Structure Type Dry Wall
New Construction N
Schools
School District Baltimore County Public Schools
Others
Special Listing Condition Standard
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Bought with Dimitrios Lynch • ExecuHome Realty