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$ 675,000
Est. payment /mo
Active
505 W CHURCH ST Hagerstown, MD 21740
3,556 SqFt
UPDATED:
11/25/2024 01:03 PM
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,556 sqft
Price per Sqft $189
MLS Listing ID MDWA2025616
Originating Board BRIGHT
Year Built 1905
Annual Tax Amount $4,710
Tax Year 2024
Lot Size 2,200 Sqft
Acres 0.05
Property Description
Exceptional Investment Opportunity! Currently generating over $6,650 in monthly rental income with room to reach market rates, this fully-occupied, all-brick multi-family property near downtown Hagerstown is a solid asset for any portfolio. The building features six spacious units, approximately 700 sq ft each, with separate electric meters, making utilities tenant-responsible for simplified management. Constructed with a durable brick and masonry foundation and outfitted with new replacement windows for improved energy efficiency, generously-sized units designed to offer ample living space and privacy.
Situated in a thriving, mixed-use neighborhood, the property is surrounded by a blend of residential and commercial establishments, appealing to both local and out-of-town investors who are actively revitalizing similar buildings in the area.
Bonus Opportunity: Expand your investment with an additional six-unit property from the same seller, maximizing income potential in this high-demand area. Located at the entrance to Hagerstown’s arts and entertainment district, this turnkey property promises strong rental appeal and secure, long-term returns. Don’t miss this chance to acquire a low-maintenance, high-potential property in a prime location!
Situated in a thriving, mixed-use neighborhood, the property is surrounded by a blend of residential and commercial establishments, appealing to both local and out-of-town investors who are actively revitalizing similar buildings in the area.
Bonus Opportunity: Expand your investment with an additional six-unit property from the same seller, maximizing income potential in this high-demand area. Located at the entrance to Hagerstown’s arts and entertainment district, this turnkey property promises strong rental appeal and secure, long-term returns. Don’t miss this chance to acquire a low-maintenance, high-potential property in a prime location!
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Hot Water
Cooling Window Unit(s)
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Permanent, Block
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225025695
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
Listed by Roberto G. Gonzalez • RG Realty, Inc.