Property
Hagerstown, MD 21740 419 Summit Avenue
$499,900
Presented By: Real Estate Today
SQFT • 6,240
Home Details
Great positive cashflow investment opportunity! Well maintained 5 unit apartment building not far from beautiful City Park, Meritus Park, University of Maryland Hagerstown Campus, Barbara Ingram School of the Arts, Maryland Theatre, restaurants and more! This building is fully occupied and produces approximately $4,700 a month in income! Natural gas forced air heat! This property includes 2 buildings: front building has 3 units and the rear building has 2 units. Large backyard,. The owner will consider holding owner financing. Owner is also selling 311 Summit Ave with 6 units.
Presented By: Real Estate Today
Interior Features for 419 Summit Avenue
Other Interior Features
Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
General for 419 Summit Avenue
AccessibilityNone
Business TypeApartment Building
CityHAGERSTOWN
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyWASHINGTON
DirectionsFrom I-70, take Exit 28 (MD-632 / Downsville Pike) toward Hagerstown. Continue straight into town, then turn left onto Summit Avenue. Follow to 419 Summit Ave.
HeatingForced Air
Lot Size Square Feet6840.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-08-26T23:31:42
MunicipalityHagerstown
New ConstructionNo
Number Of Units Total5
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG110.5
Property SubtypeFive Or More Units
Property TypeCommercial Sale
Property UseInvestment
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount4406.0
Tax Assessed Value230000.0
Tax Year2024
Total Actual Rent56400.00
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1922
Year Built SourceAssessor
ZoningRMOD
Exterior for 419 Summit Avenue
Building Area Total4524.00
Car Parking Spaces
Land Assessed Value41800.00
Land Use CodeM
Lot Size Acres0.16
Lot Size SourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo
Additional Details
Price History
Tina Torres
Broker/Owner