Solid investment with this all brick Mix-use apartment building, 4 units, fully occupied with steady income. The building is currently in great condition. This investment property complies with the standard requirements with the city of Hagerstown's office of code compliance and lead paint laws enforced by the Maryland Department of the Environment (MDE) all lead inspections and certificates are up to date. This solid two story building, is located in the North End of Hagerstown Historic District, at the corner of Locust and North East Ave, in a quiet suburban neighborhood, and features 3 good sized apartments, two 2 bedrooms one bath unit and One 1 bedrooms 1 bath, approximately 925 ft. each, the units are spacious and well designed, with most having been updated in the past 3 years.In addition, a retail commercial space currently used as a neighborhood grocery servicing the area and established for over 10 years. All units are separately metered for electric, current rents are low for the location size and condition of the units, there is also an opportunity to raise the rents without any type of improvements. In addition, the property offers 4+ off street parking spaces located to the rear of the improvements with vehicular access via Locust St.
Based on the average sale price from the Bethesda, MD office
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
101 E North Avenue Hagerstown, MD is a Single Family Home for sale at $349900 and a lot size of 4,356 SqFt Acre(s). 101 E North Avenue Hagerstown has 5 bedrooms, 0 baths and was built in 1940. The property's zip code is 21740 which is in Hagerstown, MD
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Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.