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671 Highland Way 5 Unit Apartment Building $574,900 ($114,980/Unit) Hagerstown, MD 21740
Investment Highlights
- Fully leased five-unit multifamily investment property.
- Historic Victorian and Colonial architectural character.
- Positioned near downtown Hagerstown services and amenities.
- Located within walking distance of Hagerstown City Park.
- Off-street parking available on site.
- Convenient access to Interstate 70 and Interstate 81.
Executive Summary
Great Location! Walking distance to the Beautiful Hagerstown City Park! FIVE (5) Units fully Rented! New Rear steps being installed now. 9% CAP RATE, same owner for years. All leases are yearly except one is month to month. Call for more details and to schedule a tour!
Property Facts
| Price | $574,900 | Apartment Style | Low-Rise |
| Price Per Unit | $114,980 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.58 AC |
| No. Units | 5 | Building Size | 6,202 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1900 |
| Zoning | RMOD - RMOD zoning permits medium-density residential development, including multifamily housing and compatible residential accessory uses. | ||
| Price | $574,900 |
| Price Per Unit | $114,980 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.58 AC |
| Building Size | 6,202 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | RMOD - RMOD zoning permits medium-density residential development, including multifamily housing and compatible residential accessory uses. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 03-009270 | Improvements Assessment | $189,700 |
| Land Assessment | $60,400 | Total Assessment | $250,100 |
Property Taxes
Parcel Number
03-009270
Land Assessment
$60,400
Improvements Assessment
$189,700
Total Assessment
$250,100
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Contact the Sale Advisor
671 Highland Way