Active
505 W Church St
Hagerstown MD, 21740
$675,000
$189.82 per sqft
Active
3,556 sqft
Commercial
Built in 1905
Exceptional Investment Opportunity! Currently generating over $6,650 in monthly rental income with room to reach market rates, this fully-occupied, all-brick multi-family property near downtown Hagerstown is a solid asset for any portfolio. The building features six spacious units, approximately 700 sq ft each, with separate electric meters, making utilities tenant-responsible for simplified management. Constructed with a durable brick and masonry foundation and outfitted with new replacement windows for improved energy efficiency, generously-sized units designed to offer ample living space and privacy.
Situated in a thriving, mixed-use neighborhood, the property is surrounded by a blend of residential and commercial establishments, appealing to both local and out-of-town investors who are actively revitalizing similar buildings in the area.
Bonus Opportunity: Expand your investment with an additional six-unit property from the same seller, maximizing income potential in this high-demand area. Located at the entrance to Hagerstown's arts and entertainment district, this turnkey property promises strong rental appeal and secure, long-term returns. Don't miss this chance to acquire a low-maintenance, high-potential property in a prime location!
MDWA2025616
MLSⓇ ID
November 15, 2024
Listed
November 22, 2024
Updated
Map
505 W Church St
Hagerstown MD, 21740
Interior Features
Appliances
Electric Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Hot Water, Electric
Exterior/Building Features
Lot Size
0.05 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Hagerstown
Taxes
$4,710
Tax Frequency
Annually
Days on Market
1
Garage
No
Parking
On Street
View
No
County
WASHINGTON
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/15/2024 | Active | — |
Listed by RG Realty, Inc.
Listing Contact: 3019910207
The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 11/22/2024 at 1:49 AM UTC