MD > Hagerstown
Hagerstown, MD 21740,505 W CHURCH ST
Hagerstown, MD 21740,505 W CHURCH ST
Hagerstown, MD 21740,505 W CHURCH ST
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Simone Velvel

Simone Velvel

+1(703) 507-7614
$675,000
Est. payment /mo
3,556 SqFt
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UPDATED:

11/25/2024 01:03 PM

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,556 sqft

Price per Sqft $189

MLS Listing ID MDWA2025616

Originating Board BRIGHT

Year Built 1905

Annual Tax Amount $4,710

Tax Year 2024

Lot Size 2,200 Sqft

Acres 0.05

Property Sub-Type Five Or More Units

Property Description

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!

Location

State MD

County Washington

Zoning RMED

Interior

Hot Water Electric

Heating Hot Water

Cooling Window Unit(s)

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Permanent, Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Washington County Public Schools

Others

Tax ID 2225025695

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Read Less Info
Bright MLS (BMLS)
Listed by Roberto G. Gonzalez • RG Realty, Inc.
advisor-avatar

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

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505 W CHURCH ST

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