Property
Hagerstown, MD 21740 42 East Avenue
$489,900
33 more
Presented By: Keller Williams Realty Centre
SQFT • 8,181
Home Details
This 6 unit apartment building located in Hagerstown, MD is a fantastic opportunity to build equity and generate immediate cash flow! This property has 8 mini storage units in the rear of the property as well that are all currently rented, making for tremendous additional cash flow. Tenant rent has not been increased in many years, and are all below comparable rental rates. All leases are presently month to month. 2 units will be occupied and 4 will be vacant. Renovations have been made to 1 of the vacant units. Landlord pays water & heat for all units. Property has 7 separate electric meters - 6 separate meters for each unit and 1 meter for the storage units. Each tenant pays own electric, cable, and internet. Off street parking lot in back.
Presented By: Keller Williams Realty Centre
Interior Features for 42 East Avenue
Bathrooms
Total Restrooms6
Other Interior Features
Central Air Y/NNo
FlooringHardwood, Laminated
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories4
General for 42 East Avenue
AccessibilityNone
Business TypeApartment Building
CityHAGERSTOWN
Construction MaterialsBrick
Cool FuelElectric
CoolingWindow Unit(s)
CountyWASHINGTON
Days on Market25
DirectionsFollow I-70 W to US-40 W/National Pike in Washington County. Take exit 32B from I-70 W, Follow US-40 W/National Pike to East Ave in Hagerstown
DisclosuresLead Based Paint - State, Lead Based Paint - Federal, Lead Inspection Certificate Available
HeatingHot Water, Radiator
Lot Size Square Feet10080.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-10-07T13:59:47
MunicipalityHagerstown
New ConstructionNo
NumberOfUnitsTotal6
Percent OwnershipFee Simple
Possession0-30 Days CD
Possible UseApartment Building
Price Per Sq Ft Total AG59.88
Property SubTypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount5132.0
Tax Assessed Value267700.0
Tax Year2024
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1904
Year Built SourceAssessor
ZoningRMED
Exterior for 42 East Avenue
Building Area Total8181.00
Car Parking Spaces6
Land Assessed Value45000.00
Land Use CodeM
Lot Size Acres0.23
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces6
Type of ParkingParking Lot, On Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Additional Details
Price History
Karina Gil
Associate