For Sale
$350,000

460 Summit Ave Hagerstown, MD 21740

Turnkey triplex near City Park. High occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
137
This three-unit apartment building, located at 460 Summit Ave, Hagerstown, MD 21740, presents a compelling value-add investment opportunity. The 3-story, all-brick building, constructed in 1908, boasts a total of 3,752 square feet on a 0.14-acre lot. The property features two one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit, all currently at 100% occupancy. Each unit has separate electric and gas meters, simplifying utility management. Convenient basement laundry facilities are available for tenants. The property is zoned RMOD and benefits from a prime location, just one block from Hagerstown City Park and a short distance from the new Hagerstown Multi-Use Sports and Events Facility. All necessary permits and certificates, including a rental license and lead certificates, are already in place, ensuring a smooth transition for the new owner. The property is offered fee simple and has an APN of 1368. This turnkey investment is ideal for those seeking immediate cash flow and potential for future appreciation in a rapidly developing area. An additional triplex (MDWA2025470) is available for purchase as a package deal, providing an opportunity to expand your investment portfolio.

Highlights

  • Turnkey investment opportunity.
  • Separately metered utilities (electric and gas).
  • Excellent location.
  • One block from City Park.

Property Details for 460 Summit Ave

Property type
Apartment buildings
Square Feet
3,752 SF
Class
C
Year Built
1908
Buildings
1
Stories
3
Lot Size (sq. ft)
6,098 SF
Units
3

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.634476133775
Longitude
-77.729037259278

FAQs

What type of property is this?
Apartment building - Turnkey triplex near City Park. High occupancy.
Where is the apartment building located?
The property is located at 460 Summit Ave Hagerstown, MD.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Turnkey investment opportunity.; Separately metered utilities (electric and gas).; Excellent location.
How can I contact the broker?
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460 Summit Ave
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