724 SALEM AVE, Hagerstown, MD 21740 - MLS#MDWA2023988

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Adam Ferst

[email protected] +1(202) 421-5500

$325,000

Est. payment - /mo

2,147 SqFt

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UPDATED:

10/18/2024 05:22 PM

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

Abv Grd Liv Area 2,147

Originating Board BRIGHT

Year Built 1894

Annual Tax Amount $2,746

Tax Year 2024

Lot Size 4,092 Sqft

Acres 0.09

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

Rooms

Basement Connecting Stairway

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Garage N

Building

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2225025881

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Listed by Taylor Bowen • Berkshire Hathaway HomeServices Homesale Realty

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Adam Ferst

+1(202) 421-5500

Agent | RSRS325119

Agent RSRS325119

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