460 Summit AveHagerstown, MD 21740

Property Details for 460 Summit Ave

Year built

1908

Lot size

0.14 AC

Property size (Sq ft)

3,752 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6345

Longitude

-77.729

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