412 N Potomac St, Hagerstown Md 21740

412 N Potomac St Hagerstown MD – Fantastic opportunity! This two stories building is located in a very popular urban street and features 4- oversize 3-2 bedroom units with central air conditioning, and one large commercial office space. The building sits on a .441 acre parcel. In addition, the property includes a parking lot with 25 parking spaces at the rear of the building, many of them currently rented. 412 N Potomac St enjoys the close proximity to the very popular Art & Entertainment District in Hagerstown and in walking distance from the New University of Maryland, the new Public Library and the new Maryland Theater. The property has been professionally owned and operated the apartments are spacious and well designed with most having been upgraded in the past couple years, roof was replaced in 2007 as well as plumbing and electric service, all units are separately metered for electric, giving the opportunity to raise rents without any kind of improvements.

All of the windows have been replaced. Interior surfaces varies from unit to unit but are considered in good condition. Some units have had new carpet installed hardwood floors refinished or new appliances installed and are in satisfactory state of repair. Trash removal is provided by the city of Hagerstown, and the cost is included with the quarterly water and sewer bill.
The subject 412 N Potomac St area is a mixed-use neighborhood with various residential uses (multi-family) interspersed with commercial uses throughout the neighborhood. Therefore is still demand for this product with local/out of town investors continuing to buy/renovate these properties.
Zoning and use on 412 N Potomac St are compliant with the local ordinance. The subject is a legal, non-conforming grandfathered use which is typical of similar buildings in the city with no negative impact on rents or values.

For more information and details call Roberto Gonzalez