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311-313 Summit Ave 6 Unit Apartment Building $599,900 ($99,983/Unit) Hagerstown, MD 21740
Executive Summary
Great positive cashflow investment opportunity! Well maintained 6 unit apartment building not far from beautiful City Park, Meritus Park, University of Maryland Hagerstown Campus, Barbara Ingram School of the Arts, Maryland Theatre, restaurants and more! This building is fully occupied and produces approximately $4,700 a month in income! Natural gas radiant heat! Each unit is 1 bedroom and 1 bathroom. Large backyard, detached garage. The owner will consider holding owner financing. Owner is also selling 419 Summit Ave with 5 units.
Property Facts
| Price | $599,900 | Building Class | C |
| Price Per Unit | $99,983 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 6,978 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CL | ||
| Price | $599,900 |
| Price Per Unit | $99,983 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,978 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Opportunity Zone |
Yes |
| Zoning | CL |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03-001105 | Improvements Assessment | $203,300 |
| Land Assessment | $51,500 | Total Assessment | $254,800 |
Property Taxes
Parcel Number
03-001105
Land Assessment
$51,500
Improvements Assessment
$203,300
Total Assessment
$254,800
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311-313 Summit Ave
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