287-289 Frederick Street Hagerstown MD

287-289 Frederick Street Hagerstown MD This investment property complies with the standard requirements with the city of Hagerstown’s office of code compliance and lead paint laws (LEAD FREE) enforced by the Maryland Department of the Environment (MDE) all lead inspections and certificates are up to date.

This prestigious two story garden style building, is located in the North East of Frederick Street, in a quiet suburban neighborhood, and features 12 units, comprised by six 1-bedroom and six 2-bedroom apartments. Monthly rent includes hot and cold water sewer, and trash. Each unit is metered separately for electric and is resident’s responsibility. All units features a central air conditioning and heat. smoke detectors and fire extinguishers in all units. Units features fridge, stove, and dishwasher to tenants. Common areas Hallways have smoke alarms, fire alarms, and fire extinguishers. Informal storage in attic and basement if resident requests. Coin-operated laundry available on each level.
7 off-street parking spaces, Garden shed, Full basement which has potential for rental storage. CCTV with 7 cameras. Upper floor deck for resident use. Newer electric hot water heaters in basement. The entire building along with each unit are certified lead free
the units are spacious and well designed, with most having been updated in the past 5 years. All units are separately metered for electric and hot water, current rents are extremely low for the location size and condition of the units, therefore, there is also an opportunity to raise the rents without any type of improvements. in addition, the property offers off street parking and private storage bin for tenants.

The property improvements are compatible and appropriate for the area, adding that the property is in excellent condition. One and two bedroom apartment’s unit’s tend to be the most desired, Three and four bedroom unit tend not to appeal to the largest market segment.

The tenant base are strong for this property type. It is reported that most residents are priced out of the housing market The property enjoys the close proximity within less than ½ mile to the Arts & Entertainment District in Hagerstown, City Park, the new University of Maryland, public library and the Maryland Theatre, the neighborhood includes the fairground park area, with athletic fields, and walking paths, the property has been professionally owned and operated

Call Roberto Gonzalez for more information