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165 Summit Ave 11 Unit Apartment Building $649,000 ($59,000/Unit) Hagerstown, MD 21740
Investment Highlights
- Fully leased five-unit apartment building.
- Rear parking available for tenants.
- Maintenance storage shed located on site.
- Overlooks Meritus Park baseball stadium.
- Brick construction with established residential use.
- Accessible to downtown Hagerstown and regional highways.
Executive Summary
ATTENTION INVESTORS! 5 UNIT APARTMENT BUILDING OVERLOOKING THE NEW $95MM MERITUS BASEBALL PARK, AMPLE PARKING IN REAR FOR TENANTS, SHED FOR MAINTENANCE STORAGE. BRICK, COMMON NATURAL GAS HEAT AND WATER/SEWER. CALL FOR DETAILS AND TO SCHEDULE A TOUR, LISTING AGENT WILL ACCOMPANY.
Property Facts
| Price | $649,000 | Building Class | C |
| Price Per Unit | $59,000 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,716 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | RMED - RMED zoning permits medium-density residential development, including multifamily dwellings, townhomes, and related residential uses. | ||
| Price | $649,000 |
| Price Per Unit | $59,000 |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,716 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 1.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RMED - RMED zoning permits medium-density residential development, including multifamily dwellings, townhomes, and related residential uses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 03-022404 | Improvements Assessment | $183,100 |
| Land Assessment | $42,100 | Total Assessment | $225,200 |
Property Taxes
Parcel Number
03-022404
Land Assessment
$42,100
Improvements Assessment
$183,100
Total Assessment
$225,200
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Contact the Sale Advisor
165 Summit Ave