$ 489,900
42 EAST AVE Hagerstown, MD 21740
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$ 489,900
Est. payment | /mo
8,181 SqFt
$ 489,900
Est. payment | /mo
8,181 SqFt
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
Listed by Andrew J Hopley • Keller Williams Realty Centre