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823 VIRGINIA AVE Under Contract

Hagerstown,MD 21740

$ 725000

- Bed

- Bath

4560 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

Square Footage 4,560 sqft

Price per Sqft $158

Subdivision City Park

MLS Listing ID MDWA2017658

Originating Board BRIGHT

Year Built 1922

Annual Tax Amount $5,204

Tax Year 2021

Lot Size 6,000 Sqft

Acres 0.14

Property Description

Don't miss out on this unique investment opportunity! Secure a steady and prosperous income by owning this charming 8-unit low-rise apartment complex situated within walking distance of Hagerstown City Park. The property, built in 1922, boasts 8 cozy 1BR apartments, each around 675 sq. ft. Enjoy the convenience of off-street parking and an exceptional location. Nestled along Virginia Ave corridor on a spacious lot, the complex exudes a tranquil and secluded ambiance. Meticulously maintained, with a 7-year-old roof and newly replaced windows enveloping the exterior to minimize upkeep. Tenants handle their own electric bills as units are separately metered, making it a solid venture for investors.

Location

State MD

County Washington

Zoning RMOD

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Heat Source Electric

Exterior

Garage Spaces 3.0

Waterfront N

Water Access N

Accessibility None

Parking Type Driveway,On Street

Total Parking Spaces 3

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2203014185

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

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