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1301 Virginia Ave
Hagerstown, MD 21740
Multifamily Property For Sale
·
5 Units
EXECUTIVE SUMMARY
Great Investment Opportunity – 5-Unit Multi-Building
Fully rented and cash-flowing, this 5-unit property is the perfect addition to any investor’s portfolio. The building has been well-maintained with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units.
Inside, you’ll find hardwood floors throughout and updated finishes that keep the units attractive to tenants. Outside, the property offers ample on-site parking which is a rare find that adds to the appeal.
On top of strong current income, there’s plenty of room to add value and increase revenue with additional features: 4 garages that can be rented separately, Storage space for tenants or outside rentals, and Coin-operated laundry for steady extra income.
This is a turn-key investment with upside potential in a sought-after rental market.
Fully rented and cash-flowing, this 5-unit property is the perfect addition to any investor’s portfolio. The building has been well-maintained with numerous recent improvements including a new roof, updated plumbing, a new porch, and updates throughout the units.
Inside, you’ll find hardwood floors throughout and updated finishes that keep the units attractive to tenants. Outside, the property offers ample on-site parking which is a rare find that adds to the appeal.
On top of strong current income, there’s plenty of room to add value and increase revenue with additional features: 4 garages that can be rented separately, Storage space for tenants or outside rentals, and Coin-operated laundry for steady extra income.
This is a turn-key investment with upside potential in a sought-after rental market.
PROPERTY FACTS
| Price Per Unit | $110,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 11.62% | Building Size | 3,720 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1927 |
| Apartment Style | Low-Rise | Parking Ratio | 3.49/1,000 SF |
| Zoning | RU | ||
| Price Per Unit | $110,000 |
| Sale Type | Investment |
| Cap Rate | 11.62% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 3,720 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1927 |
| Parking Ratio | 3.49/1,000 SF |
| Zoning | RU |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Washer/Dryer
- Heating
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Range
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,075 | - |
| 1+1.5 | 1 | $800.00 | - |
PROPERTY TAXES
| Parcel Number | 26-019974 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $340,100 |
PROPERTY TAXES
Parcel Number
26-019974
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$340,100
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