724 SALEM AVE Pending Save Request In-Person Tour Request Virtual Tour
Hagerstown,MD 21740
Key Details
Property Type Multi-Family
Sub Type Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 2,147 sqft
Price per Sqft $151
MLS Listing ID MDWA2023988
Style Colonial
Year Built 1894
Annual Tax Amount $2,746
Tax Year 2024
Lot Size 4,092 Sqft
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.
Location
State MD
County Washington
Zoning RMED
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Exterior
Waterfront N
Water Access N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Special Listing Condition Standard