$195,000
$206,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,254 SqFt
SOLD DATE : 06/28/2024
Key Details
Sold Price $195,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,254 sqft
Price per Sqft $155
Subdivision West Arlington
MLS Listing ID MDBA2118834
Sold Date 06/28/24
Style Other
Bedrooms 4
Full Baths 2
HOA Y/N N
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
Main Level Bedrooms 4
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Fireplace N
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type Off Street
Garage N
Building
Story 3
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Baltimore City Public Schools
Others
Senior Community No
Tax ID 0328028198 006
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash, Private
Listing Terms Conventional, Cash, Private
Financing Conventional,Cash,Private
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! "