Opara Capital Partners
Listed by Opara Capital Partners
$499,990
Prime Value Add Opportunity
Details
Property Type Retail, Mixed Use
Square Footage 7,725
Units 6
Cap Rate 8.64%
NOI $43,200
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 20.04%
Pro-Forma NOI $100,200
Class C
Lot Size (SqFt) 9,147.6
Zoning C-2
Investment Type Value Add
Ground Lease No
108,000 dollars in gross annual potential rent !!
Marketing description
AHRG is pleased to present 4805-4811 Belair Rd. This is a 6-unit mixed-use building located in the commercial corridor of Belair-Edison (North East Baltimore), with a building lot size of 9147.6 square feet (0.21 acres). The building includes two apartments (residential dwellings) and four retail spaces occupied by multiple small businesses. It is situated on a well-trafficked road near Baltimore County, with over 20,000 vehicles passing daily.
Currently, the property generates $ 4500 monthly, and all leases are modified gross.
Investment highlights
- Significant value-add opportunity
- Opportunity to retenant the retail spaces and increase the leasable dollar per square ft
- Favorable timing for a new operator to implement capital improvements to the building due to the current lease setup by the landlord
- Opportunity to renovate the unfinished apartments and increase monthly gross rent
- Lease Conversion possibility to NNN
- 8200-9000 in Estimated gross monthly proforma rent if the value add is executed correctly
Listing Contacts
Opara Capital Partners
Listed by Opara Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$43,200.00
$3,600.00/mo
Valuation Metrics
0
DSCR
8.64%
Cap Rate
8.64%
ROI
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