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724 Salem Avenue

HAGERSTOWN, MD 21740
  • $325,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: MDWA2023988
UPDATED: 43 min ago
$325,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,147
    SQFT
  • $151
    $/SQFT
Type:
Multi-Family
Built:
1894
County:

School Ratings & Info

Description

Well-maintained three unit investment property for sale! Unit mix is comprised of a 2 bed-1.5 bath, 1 bed-1 bath and efficiency unit plus a detached garage. There was a fire in the building in February 2024 and renovations have been underway to include the common area and the upstairs 2 bedroom unit, which have been completed. The efficiency is currently being renovated now and is expected to deliver Fall 2024. The one bedroom & two bedroom, apartments are currently leased. Expected gross rental revenue is approx. $32k+ per year. Tenants pay electric and baseboard heat, which is separately metered. Upper rubber roof was replaced in 2019 and several windows were replaced in 2024. Energy efficient baseboard heaters were installed in 2021. Building can be delivered with property management in place.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-03T20:55:05.997.
dmv.psrhomesearch.com/homes/154399518
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724 Salem Avenue HAGERSTOWN, MD 21740

  • Price: $325,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 43 min ago
  • ID#: MDWA2023988
0
Beds
0
Baths
0
½ Baths
0.09
Acres
2,147
SQFT
$151
$/SQFT
1894
Built
County:
Washington
School District:
Washington County Public Schools
Property Description
Well-maintained three unit investment property for sale! Unit mix is comprised of a 2 bed-1.5 bath, 1 bed-1 bath and efficiency unit plus a detached garage. There was a fire in the building in February 2024 and renovations have been underway to include the common area and the upstairs 2 bedroom unit, which have been completed. The efficiency is currently being renovated now and is expected to deliver Fall 2024. The one bedroom & two bedroom, apartments are currently leased. Expected gross rental revenue is approx. $32k+ per year. Tenants pay electric and baseboard heat, which is separately metered. Upper rubber roof was replaced in 2019 and several windows were replaced in 2024. Energy efficient baseboard heaters were installed in 2021. Building can be delivered with property management in place.
Exterior Features

Architectural Style Colonial Construction Materials Brick Garage YN No Parking Types On Street Pool No Pool Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2147 Basement Connecting Stairway Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 593 Cooling None Fireplace YN No Heating Baseboard - Electric Heating YN Yes Single Room Units 1 Three Bedroom Units 0 Two Bedroom Units 1

Property Features

Accessibility Features None Central Air YN No Cooling Fuel None Existing Lease Type Yearly Foundation Details Brick/Mortar Heating Fuel Electric Hot Water Electric Municipality Hagerstown Navigable Water YN N New Construction YN No Number Of Units Leased 1 Number Of Units Total 3 Original MLSNumber 803323270214 Owner Pays Common Area MaintenanceInsuranceLawn/Shrub CareManagementSewerSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Property Sub Type Triplex Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2746.00 Vacation Rental YN No Water Source Public Zoning RMED

Listing courtesy of Berkshire Hathaway HomeServices Homesale Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-10-03T20:55:05.997.
 
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