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$206,000   Price Analysis
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4410 Elderon Ave
Baltimore, MD 21215
4 bed None bath 1,254 SqFt ($164/SqFt)
7,497SqFt lot. Built 1940
Listed 2024-03-24
Ⓧ USDA Ineligible
due to location

near Baltimore

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 ccupied 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 sizeable 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 and 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.


Presented by Thomas Kane at
AB & Co Realtors, Inc.
Listing Agent Photo

Property MLS #MDBA2118836 from BrightMLS

Bedrooms: 4

Basement

Cooling Features: Central A/C
Heating Features: Central
Heating: Yes

Lot Size Acres: 0.1721074
Lot Size Square Feet: 7496

Parking Features: Off Street

Number of Units: 1
Number of 2 Bedroom Units: 2

School District: BALTIMORE CITY PUBLIC SCHOOLS

Calvin M. Rodwell Elementary School is a public elementary and middle school located approximately 0.2 miles away.
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Living Word Preparatory School is a private elementary, middle and high school located approximately 0.5 miles away.
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Forest Park High School is a public high school located approximately 0.7 miles away.
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Annual Tax Amount: 3634.0
Source Listing Status: Active
County: BALTIMORE CITY
Source Property Type: Multi-Family
Area: BALTIMORE CITY
Source Neighborhood: BALTIMORE CITY
Postal Code Plus 4: 4276
Township: Baltimore City
Property Subtype: Duplex
Source System Name: C2C

Price Changed 2024-04-10
$206,000
BrightMLS
Listed 2024-03-24
$216,000
BrightMLS
Sold 2021-07-08
$169,900
BrightMLS
Listed 2021-05-20
$169,900
BrightMLS
Sold 2017-10-05
$100,000
BrightMLS
Listed 2017-07-14
$130,000
BrightMLS

Total Square Feet Living: 2090
Year Built: 1940
Construction Materials: Shake Siding
Property Age: 84
Total Below Grade Area: 836
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.