42 EAST AVE, Hagerstown, MD 21740 – MDWA2023114 - Joseph Lam

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Joseph Lam

sales@soldbyturnkey.com +1(856) 305-8329

$489,900

Est. payment - /mo

8,181 SqFt

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UPDATED:

10/31/2024 01:07 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 8,181 sqft

Price per Sqft $59

MLS Listing ID MDWA2023114

Originating Board BRIGHT

Year Built 1904

Annual Tax Amount $5,132

Tax Year 2024

Lot Size 10,080 Sqft

Acres 0.23

Property Description

This 6 unit apartment building located in Hagerstown, MD is a fantastic opportunity to build equity and generate immediate cash flow! This property has 8 mini storage units in the rear of the property as well that are all currently rented, making for tremendous additional cash flow. Tenant rent has not been increased in many years, and are all below comparable rental rates. All leases are presently month to month. 2 units will be occupied and 4 will be vacant. Renovations have been made to 1 of the vacant units. Landlord pays water & heat for all units. Property has 7 separate electric meters - 6 separate meters for each unit and 1 meter for the storage units. Each tenant pays own electric, cable, and internet. Off street parking lot in back.

Location

State MD

County Washington

Zoning RMED

Interior

Hot Water Natural Gas

Heating Hot Water, Radiator

Cooling Window Unit(s)

Flooring Hardwood, Laminated

Heat Source Natural Gas

Exterior

Garage Spaces 6.0

Waterfront N

Water Access N

Accessibility None

Total Parking Spaces 6

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2222011413

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Andrew J Hopley • Keller Williams Realty Centre

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262