UNDER CONTRACT $675,000 - Apartment Building, MultiFamily
Prime investment opportunity! This fully-occupied, all-brick multi-family property in downtown Hagerstown offers exceptional value to seasoned and first-time investors alike. Currently generating $7,125+ in monthly rental income, the property also holds untapped potential to reach market rental rates.
Featuring six spacious units, each approximately 835 sq. ft., this multi-family property is thoughtfully designed with two large units per floor, ensuring ample living space and tenant privacy. Equipped with separate electric meters, tenants are responsible for their utilities, streamlining management for owners. Solid brick and masonry construction, coupled with newly installed energy-efficient replacement windows, enhances durability and reduces operating costs.
Situated in a high-demand area blending residential and commercial properties, the building benefits from a steady influx of local and out-of-town investors who are actively refurbishing neighboring properties. With rental licenses, lead certificates, and compliant zoning already in place, this property holds a legal, non-conforming grandfathered status, ensuring no adverse impact on rental income or property value.
The property comes with all necessary compliance in place, including rental licenses, lead certificates, and zoning that ensures its legal, non-conforming grandfathered status. This safeguards rental income and property value. Additional features include private rear parking, enhancing convenience and tenant satisfaction. Current leases are available for qualified investors to review, offering transparency and confidence in rental history.
Bonus Opportunity: Located at the gateway to Hagerstown’s vibrant arts and entertainment district, this turnkey property offers strong rental appeal and significant investment potential. As a bonus, purchase this building along with another six-unit property from the same seller for an expanded investment opportunity in this vibrant area.
This turnkey multi-family property is a low-maintenance, high-reward asset poised for strong, long-term returns. Don’t miss this opportunity to secure a prime investment in one of Hagerstown’s most dynamic neighborhoods. Schedule your tour today! Call Roberto Gonzalez for additional information.
