129 E Baltimore St, Hagerstown, MD, USA

UNDER CONTRACT $790,000 - Apartment Building, MultiFamily

MDWA2024046

129 E Baltimore St, Hagerstown MD 21740

Uncover a lucrative opportunity with this fully occupied 6-unit apartment building, generating $7,360/month in rental income and boasting low operating costs. Recently renovated, the building includes three spacious 2-bedroom units and three large 1-bedroom units, all utilizing a RUBS utility system, ensuring tenants are responsible for their own utilities. Located just minutes from downtown Hagerstown, residents enjoy convenient access to amenities, while the property offers a private parking lot at the rear for hassle-free parking. This turnkey investment requires minimal effort to start managing immediately.

Financial Performance

Gross Monthly Income: $7,360
Annual Gross Income: $88,320
Low Operating Expenses

Recent Improvements

The building has undergone recent renovations, enhancing its appeal to tenants and reducing maintenance costs for investors.

Unit Mix

3 Spacious 2-Bedroom Apartments
3 Large 1-Bedroom Apartments

Tenant-Friendly Features

RUBS (Ratio Utility Billing System) in place
Tenants responsible for their own utilities
Large private parking lot at the rear

Prime Location

Situated near downtown Hagerstown, tenants enjoy:

Easy access to local amenities
Proximity to shopping, dining, and entertainment
Convenient commute options

Investment Appeal

This Hagerstown apartment building presents a hassle-free investment opportunity. With its full occupancy, strong cash flow, and desirable location, it’s an ideal addition to any real estate portfolio. Step in and start managing this turnkey property today!