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    289 Frederick Street

    HAGERSTOWN, MD 21740
    • $800,000
    • STATUS: Active Under Contract
    • ON SITE: 38 days
    • ID#: MDWA178146
    Under Contract
    UPDATED: 52 min ago
    $800,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    This investment property complies with the standard requirements with the city of Hagerstown's office of code compliance and lead paint laws (LEAD FREE) enforced by the Maryland Department of the Environment (MDE) This prestigious two story garden style building, is located in the North East of Frederick Street, in a quiet suburban neighborhood, and features 12 units, comprised by six 1-bedroom and six 2-bedroom apartments. Monthly rent includes hot and cold water sewer, and trash. Each unit is metered separately for electric and is resident+GGs responsibility. All units features a central air conditioning and heat. smoke detectors and fire extinguishers in all units. Units features fridge, stove, and dishwasher to tenants. Common areas Hallways have smoke alarms, fire alarms, and fire extinguishers. Informal storage in attic and basement if resident requests. Coin-operated laundry available on each level. 7 off-street parking spaces, Garden shed, Full basement which has potential for rental storage. CCTV with 7 cameras. Upper floor deck for resident use. Newer electric hot water heaters in basement. The entire building along with each unit are certified lead free the units are spacious and well designed, with most having been updated in the past 5 years. All units are separately metered for electric and hot water, current rents are extremely low for the location size and condition of the units, therefore, there is also an opportunity to raise the rents without any type of improvements. in addition, the property offers off street parking and private storage bin for tenants. The property improvements are compatible and appropriate for the area, adding that the property is in excellent condition. One and two bedroom apartment+GGs unit+GGs tend to be the most desired, Three and four bedroom unit tend not to appeal to the largest market segment. The tenant base are strong for this property type. The property enjoys the close proximity within less than +-+ mile to the Arts & Entertainment District in Hagerstown, City Park, the new University of Maryland, public library and the Maryland Theatre, the neighborhood includes the fairground park area, with athletic fields, and walking paths, the property has been professionally owned and operated

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    ©2021 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 Integrity Home Team. 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: 2021-04-13T20:57:56.15.
    www.integrityhometm.com/homes/114791182
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    289 Frederick Street HAGERSTOWN, MD 21740

    • Price: $800,000
    • Status: Active Under Contract
    • Updated: 52 min ago
    • ID#: MDWA178146
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    County:
    Washington
    School District:
    Washington County Public Schools
    Property Description
    This investment property complies with the standard requirements with the city of Hagerstown's office of code compliance and lead paint laws (LEAD FREE) enforced by the Maryland Department of the Environment (MDE) This prestigious two story garden style building, is located in the North East of Frederick Street, in a quiet suburban neighborhood, and features 12 units, comprised by six 1-bedroom and six 2-bedroom apartments. Monthly rent includes hot and cold water sewer, and trash. Each unit is metered separately for electric and is resident+GGs responsibility. All units features a central air conditioning and heat. smoke detectors and fire extinguishers in all units. Units features fridge, stove, and dishwasher to tenants. Common areas Hallways have smoke alarms, fire alarms, and fire extinguishers. Informal storage in attic and basement if resident requests. Coin-operated laundry available on each level. 7 off-street parking spaces, Garden shed, Full basement which has potential for rental storage. CCTV with 7 cameras. Upper floor deck for resident use. Newer electric hot water heaters in basement. The entire building along with each unit are certified lead free the units are spacious and well designed, with most having been updated in the past 5 years. All units are separately metered for electric and hot water, current rents are extremely low for the location size and condition of the units, therefore, there is also an opportunity to raise the rents without any type of improvements. in addition, the property offers off street parking and private storage bin for tenants. The property improvements are compatible and appropriate for the area, adding that the property is in excellent condition. One and two bedroom apartment+GGs unit+GGs tend to be the most desired, Three and four bedroom unit tend not to appeal to the largest market segment. The tenant base are strong for this property type. The property enjoys the close proximity within less than +-+ mile to the Arts & Entertainment District in Hagerstown, City Park, the new University of Maryland, public library and the Maryland Theatre, the neighborhood includes the fairground park area, with athletic fields, and walking paths, the property has been professionally owned and operated
    Exterior Features

    Construction Materials BlockBrick Garage YN No Parking Types Off SiteOn Street Riparian Rights YN No Roof PitchedFlat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Building Area Total 8268.00 Cooling Central A/C Heating 90% Forced Air Heating YN Yes Net Square Feet 8268.00

    Property Features

    Accessibility Features Other Assessment Year 2021 Association YN No Business Type Apartment Building Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Incorporated City Name Hagerstown Navigable Water YN N New Construction YN No Number Of Units Total 11 Original MLSNumber 304501040233 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 7083.00 Tax Assessment Amount 360100.00 Vacation Rental YN No Water Source Public Zoning Ro

    Listing courtesy of Rg Realty, Inc..


    ©2021 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 Integrity Home Team. 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: 2021-04-13T20:57:56.15.
     
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