SOLD - MultiFamily
17321 Virginia Ave, Hagerstown, MD 21740 Investor opportunity, REPRESENTING BUYER perfect rehab project!. The subject property is located on the southeast side of Virginia Ave.(Rt.11) NESTLED IN WOODED AREA IN REAR. Popular neighborhood with a superior location to any comparable property in the area. The subject property is composed by multiple structures on site as follows: (3) three separated buildings.
BUILDING #1 is the original structure. It is a converted single family house containing 3 UNIT
1/2 DBL with 3 bedrooms one bath, currently vacant projected rent $1200.00 a month.
EFF #1 1st FLR currently vacant for $575.00 a month.
EFF #2 2nd FLR currently vacant for $575.00 a month.
BUILDING #2 Consist of a large one story single family home with a 20′ utility room/storage area currently used by the owner, house currently vacant for $1000.00 a month.
BUILDING #3 on the rear of the property, A frame design two level house currently vacant projected rent $975.00 a month.
EFF Rear which is occupied by the owner. $675.00 a month.
GARAGE Cinder/block two car garage that can be rented separately for an additional income.
All buildings are generally in good condition and functional. There is a large parking area in the center of the property to accommodate the tenants and visitors vehicles. Property offers easy ingress/egress off Virginia Ave.
This area continues to grow with no evidence of any pending change. WALK TO VALLEY MALL
The subject property is located on a major artery long narrow lot bordered on the left side by the bowling alley and roller skating ring. The neighborhood includes the Virginia Ave corridor from the west edge of Hagerstown to the RR tracks toward Williamsport. This is a mixed use area with a concentration of commercial businesses at street front in the Halfway area along with some older single family homes and small duplexes and apartments.
This area contains the heaviest concentration of population in the county. This is among other things a popular residential area. The location is convenient to all support facilities including major highway access, a major shopping center, schools, churches, and employment centers. This area has lower than average marketing times because of the good location features
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