For Sale $390,000 - MultiFamily
The Mulberry Apartments is an all brick improved 3 stories building structure that contains 4,520 square feet and is demised into eight residential apartments. There are three units on the first floor and the second floor and just two units on the third floor. The units are of typical quality for the age and in typical or average condition. The interior layout is functional and typical for similar multi-unit properties in this market. Interior finishes include hardwood, carpet, tile, and vinyl flooring, drywall, and some panel walls. Some ceilings are plaster and some are suspended tile. The western elevation of the structure has a covered front porch on the main level. There are rear exits to porches along the rear of the northern and southern elevations. The building is zoned zoned (CCMU)
The building also counts with off street parking in the rear, Vehicular access to the rear of the site is by a public alley located along Antietam st, on street parking is also available along Mulberry st. the property comply with the standard requirements of the City of Hagerstown Office of Code Compliance and lead paint laws enforced by the Maryland Department of the Environment (MDE). All inspections and lead certificates are up to date. The building sits on a .118 acre parcel. The property enjoys the close proximity to the Art’s and Entertainment District in Hagerstown, the New University of Maryland, The new Public Library and the Maryland theater, the property has been owned and operated by the current owner, the apartments are spacious and well designed with most having been updated in the past 3 years. All units are separately metered for electric, currently all units are occupied and there is opportunity to raise rents without any improvements. the building is in good condition overall, with recent upgrades completed within the past 3 years.
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