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265 S Prospect St
Hagerstown, MD 21740
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 6,894 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1900 |
| Building Class | C | Parking Ratio | 0.73/1,000 SF |
| Zoning | RMED | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,894 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | RMED |
About 265 S PROSPECT ST , HAGERSTOWN, MD 21740
The sale is consist of 4 Multi-Family buildings as follows: 67-69 Broadway Ave Hagerstown Md. 21740 6 Units 265-267 Prospect Street Hagerstown Md. 21740 8 Units 638-640 George Street Hagerstown Md. 21740 4 Units 41 E Franklin Street Hagerstown Md. 21740 5 Units * 265-267 Prospect St. This 3 stories building is located in a quiet suburban street near City park and features 8- One bedroom units, approximately 600 Sq. Ft. each.The property enjoys the close proximity to the popular Art & Entertainment District in Hagerstown and in walking distance from the new University of Maryland, the new Public Library and the new Maryland Theatre. The property has been professionally owned and operated the apartments are spacious and well designed with most having been upgraded in the past 5 years, good condition,currently all units are rented and with opportunity to raise rents without any improvements. The subject properties are comprised by older, two-three story, good quality, apartment buildings located in various locations mid-town of Hagerstown suburban neighborhoods. Its immediate location to downtown and convenience to all amenities make this portfolio unique. The subject properties area is a mixed-use neighborhood with various residential uses (multi-family) interspersed with commercial uses throughout the neighborhood. There is demand for these types of properties with local/out of town, investors continuing to buy/renovate these properties. The buildings are currently in great condition and well-kept and professional management in place. This investment portfolio complies with the standard requirements with the city of Hagerstown's office of code compliance and lead paint laws enforced by the Maryland Department of the Environment (MDE) all lead inspections and certificates are up to date. All The property improvements are compatible and appropriate for the area, adding that the properties are in excellent condition. One and two bedroom apartment’s units tend to be the most desired
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
Property Taxes
| Parcel Number | 03-014223 | Improvements Assessment | $271,400 |
| Land Assessment | $40,000 | Total Assessment | $311,400 |
Property Taxes
