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1301 Virginia Avenue

HAGERSTOWN, MD 21740
  • $482,500
  • STATUS: Closed
  • ON SITE: 106 Days
  • ID#: MDWA2018838
Sold - 02/15/2024
$482,500
SOLD - 02/15/2024
  • 0
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1927
County:

School Ratings & Info

Description

We are delighted to present 1301 Virginia Ave, Hagerstown, MD, as a compelling investment opportunity. This property embodies the promise of a strategic real estate investment. Here's a comprehensive investment summary to help you understand the potential benefits of this offering:1301 Virginia Ave is a well-maintained, historic Victorian multi-family property, exuding charm and character.The property features five spacious one-bedroom, one-bath apartments, meticulously designed for multi-family living.It boasts a solid foundation of stone and masonry, and all windows have been upgraded to modern double-hung vinyl windows.Key Property Attributes:Captivating architecture with a wrap-around porch, adding to its curb appeal.Convenient amenities such as walk-up steps and rear/side porches and stairwells.A well-maintained site, including concrete walkways, lawns, minor landscaping, and a paved parking lot with space for four vehicles and three garages.Investment Potential:Strong rental rates and favorable market conditions with one of the industry's lowest vacancy rates, ensuring a steady income stream.Substantial potential for increasing rental income across all units without major property improvements.Situated in a sought-after location near the Valley Mall and Hagerstown Outlets, enhancing its appeal to potential tenants.Location Highlights:The northwest location of Hagerstown provides convenient access to major transportation routes, making it an attractive and accessible choice.The surrounding area supports multi-family properties, thanks to its diverse and financially capable population.Close proximity to retail and shopping, ensuring residents have easy access to a variety of amenities.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T13:57:51.813.
www.enggarcia.com/homes/145221016
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1301 Virginia Avenue HAGERSTOWN, MD 21740

  • Price: $550,000
  • Status: Closed
  • On Site: 106 Days
  • Updated: 59 min ago
  • ID#: MDWA2018838
0
Beds
0
Baths
0
½ Baths
0.31
Acres
1927
Built
County:
Washington
School District:
Washington County Public Schools
Property Description
We are delighted to present 1301 Virginia Ave, Hagerstown, MD, as a compelling investment opportunity. This property embodies the promise of a strategic real estate investment. Here's a comprehensive investment summary to help you understand the potential benefits of this offering:1301 Virginia Ave is a well-maintained, historic Victorian multi-family property, exuding charm and character.The property features five spacious one-bedroom, one-bath apartments, meticulously designed for multi-family living.It boasts a solid foundation of stone and masonry, and all windows have been upgraded to modern double-hung vinyl windows.Key Property Attributes:Captivating architecture with a wrap-around porch, adding to its curb appeal.Convenient amenities such as walk-up steps and rear/side porches and stairwells.A well-maintained site, including concrete walkways, lawns, minor landscaping, and a paved parking lot with space for four vehicles and three garages.Investment Potential:Strong rental rates and favorable market conditions with one of the industry's lowest vacancy rates, ensuring a steady income stream.Substantial potential for increasing rental income across all units without major property improvements.Situated in a sought-after location near the Valley Mall and Hagerstown Outlets, enhancing its appeal to potential tenants.Location Highlights:The northwest location of Hagerstown provides convenient access to major transportation routes, making it an attractive and accessible choice.The surrounding area supports multi-family properties, thanks to its diverse and financially capable population.Close proximity to retail and shopping, ensuring residents have easy access to a variety of amenities.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Private GarageParking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3720.00 Cooling Window Unit(s)Ceiling Fan(s) Heating Hot Water Heating YN Yes Net Square Feet 3720.00

Property Features

Accessibility Features None Business Type Apartment Building Buyer Financing Conventional Central Air YN No Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Original MLSNumber 802731625998 Ownership Interest Fee Simple Possession Immediate Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 3374.00 Tax Assessment Amount 318700.00 Tax Lot 24 Vacation Rental YN No Water Source Public Zoning RU

Listing courtesy of RG Realty, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Eng Garcia Properties, LLC | Keller Williams Capital Properties. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-28T13:57:51.813.
 
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Eng Garcia Properties, LLC | Keller Williams Capital Properties
1930 18th St NW
Washington DC, 20009