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419 Summit Ave 5 Unit Apartment Building $499,900 ($99,980/Unit) Hagerstown, MD 21740
EXECUTIVE SUMMARY
Great positive cashflow investment opportunity! Well maintained 5 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 forced air heat! This property includes 2 buildings: front building has 3 units and the rear building has 2 units. Large backyard,. The owner will consider holding owner financing. Owner is also selling 311 Summit Ave with 6 units.
PROPERTY FACTS
| Price | $499,900 | Building Class | C |
| Price Per Unit | $99,980 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,812 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 1.57/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R1 | ||
| Price | $499,900 |
| Price Per Unit | $99,980 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,812 SF |
| No. Stories | 2 |
| Year Built | 1922 |
| Parking Ratio | 1.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R1 |
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 | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 03-011062 | Improvements Assessment | $188,200 |
| Land Assessment | $41,800 | Total Assessment | $230,000 |
PROPERTY TAXES
Parcel Number
03-011062
Land Assessment
$41,800
Improvements Assessment
$188,200
Total Assessment
$230,000
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419 Summit Ave
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