Attention Investors! Located along the ever-expanding Falls Rd corridor not far from the Baltimore City line (border) is a c.1911 cedar shingle duplex fully renovated to lease as two income producing residences. This property is being sold at auction Tuesday October 1, 2013 at 11am on site at the property.
Welcome to 6210-6212 Falls Rd Baltimore Maryland 21209
The addresses, 6210-6212 Falls Rd, do not refer to the duplex units. They reference the two lots of land that transfer with the property. A total 0.65 acres. There is a second undeveloped parcel of land behind the improvement (building) that is illustrated in this aerial image.
The next-door neighbors (the white house to the right of our subject property) have owned their home within their family for over 75 years. Currently it is rented. They will be looking to sell their property in the near future.
Here are the the two entrances to the duplex units. Each unit also has a side door off their kitchen to make bringing home groceries a breeze. Note the updated windows which pair nicely with the central air conditioning system. Combined the units measure a recorded 2,752 sq. feet with a 1,376 sq. ft basement.
Step inside see beautiful hardwood floors on the main level. This is a view of the living room that also includes a powder room (door in the corner). The property is freshly painted and ready to lease.
While each property has its own dining room, the kitchens afford enough space to add a kitchen table. See the beautiful updated electrical panel? The dishwasher and microwave? This is not a lackluster "kitchenette" often found in rental apartments. This is a space where you want to cook.
This is a bedroom on the second floor. The bedrooms are of equal size, so these properties would work well for roommates. Both units have two bedrooms, a large bathroom, and a separate laundry room on their second floor. The carpeting is fresh, come winter it will feel cozy on a cold morning.
Check out the large full bathroom. With the powder room on the 1st floor this is a total of 1.5 baths for each unit. There really is a lot of space. The glass block in the shower provides natural light + privacy. Add a bath mat and some fluffy towels and you're in business.
This income producing duplex will be sold to the highest bidder above $175,000. The last list price from Summer 2013 was $274,500. This is a relocation auction. While the properties are not currently leased, I am estimating that the units will rent for $1,300 each based on other leasing I have done for my clients in this neighborhood. Speaking of neighborhood, there is a lot to like about Clarkview.
Northwest of the property you'll find a new shopping center that has two restaurants I really enjoy; Earth Wood & Fire which features coal-fired pizza and Atwaters which is a wonderful place for soups, homemade breads, and coffee. This shopping center is at the entrance to the Bare Hills business park which has been the subject of rapid expansion in the last three years.
The property information packet for 6210-6212 Falls Rd can be accessed on the Tranzon website.
This is one of two Baltimore area multifamily properties being offered by Tranzon Fox on Tuesday October 1, 2013. We've also got a Victorian in Roland Park for your consideration.
Do not miss this opportunity to acquire a turn-key income property in Baltimore's Falls Rd corridor. With all the bonus land that comes with this property, it's a great buy-and-hold for a savvy buyer.
****UPDATE - THIS PROPERTY IS UNDER CONTRACT, SOLD AT AUCTION******