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Key Facts

Type Other
Levels Residential Income
Size 5206 sqft
Garage No
Maintenance Fees 
Taxes $6,819
Days Active 4
Approx. Age 1900
Avg. Price Per Sqft $145
MLS® Number MDWA2031348

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

This fully occupied seven unit apartment building in Hagerstown is a solid multifamily investment. It is licensed with the City of Hagerstown, current on lead certification, and professionally managed. Recent improvements include a new roof in 2022 and upgraded electric service with new meters. The building offers one studio of about 500 square feet, two one bedroom apartments of about 615 square feet each, and four two bedroom apartments of about 850 square feet each, for a total of roughly 5, 130 rentable square feet. A rear lot parks five vehicles, and a detached two car garage provides added income potential. The property sits on a 0.34 acre lot directly across from the new Hagerstown Multi Use Sports and Events Facility and two blocks from Downtown. It is within walking distance of the Entertainment and Arts District, the Washington County Free Library, and City Park, and is served by the public bus line. With consistent occupancy, strong renter demand in this submarket, and limited new multifamily supply, the asset offers reliable cash flow today and attractive long term appreciation potential in Hagerstown.Show Description
MLS® NumberMDWA2031348
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories3
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatSteam, Natural Gas
A/CNone, Electric
Heating Fuel

Extras

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