For Sale
$589,000

27 Baltimore StHagerstown, MD 21734

Five-unit apartment building, fully occupied, strong cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional five-unit apartment building presents a compelling investment opportunity in the charming historic town of Funkstown, Maryland. Located at 27 W Baltimore St, 21734, this Class C multifamily property offers a blend of convenience and profitability. The building comprises three one-bedroom units and two two-bedroom units, all currently occupied by long-term tenants. Each unit benefits from separately metered utilities, significantly reducing operating expenses and maximizing the owner's return. A convenient rear parking lot provides approximately six spaces for tenant use. The property's prime location offers easy access to local amenities and dining establishments. The current rent roll exceeds $5,000 per month, with tenants responsible for their own utilities under a RUBS (Rent Utility Billing System) arrangement. This translates to a consistently strong cash flow and a low-maintenance investment. This fully occupied property represents a rare opportunity to acquire a stable and profitable income-generating asset in a desirable location. The asking price is $589,000.

Highlights

  • Excellent location.
  • Individual utility meters for each unit.
  • Low operating costs.
  • On-site private parking.
  • Rent is collected using a RUBS (Retail Unit Based System) method.

Property Details for 27 Baltimore St

Property type
Apartment buildings
Class
C
Units
5

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.610064170019
Longitude
-77.709702814734
27 Baltimore St, Hagerstown, Maryland

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27 Baltimore St
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