.jpg)
724 Salem Ave , Hagerstown, MD 21740
Hagerstown, MD 21740
Description
Well-maintained three unit investment property for sale! Unit mix is comprised of a 2 bed-1.5 bath, 1 bed-1 bath and efficiency unit plus a detached garage. There was a fire in the building in February 2024 and renovations have been underway to include the common area and the upstairs 2 bedroom unit, which have been completed. The efficiency is currently being renovated now and is expected to deliver Fall 2024. The one bedroom & two bedroom, apartments are currently leased. Expected gross rental revenue is approx. $32k+ per year. Tenants pay electric and baseboard heat, which is separately metered. Upper rubber roof was replaced in 2019 and several windows were replaced in 2024. Energy efficient baseboard heaters were installed in 2021. Building can be delivered with property management in place.
Details
| Mls | MDWA2023988 |
|---|---|
| Listing Type | For Sale |
| Style | Detachd |
| Subtype | Resale |
| Status | Pending |
| Year | 1894 |
| Days On Site | 99 |
| Listing Provided By | Berkshire Hathaway HomeServices Homesale Realty | Taylor Bowen |
Features
| Sq Feet | 2,740 |
|---|---|
| Basement | Y |
| Zoning | RMED |
| Acreage | 0.09 |
Market Activity 21740
Request A Showing
Request A Showing
Contact
Learn More About This Property
| State | MD |
|---|---|
| County | Washington |
| City | Hagerstown |
| Zip Code | 21740 |
| School District | Washington County Public Schools |
| Listing VS Median (in 21740) | |
Price: $325,000 low | high Med: $285,000 SqFt: 2,740 low | high Med: 3,600 $ / SqFt: $119 low | high Med: $79 On Site: 99 low | high Med: 315.000000 | |