129 Baltimore StHagerstown, MD 21740

Property Details for 129 Baltimore St

Year built

1900

Lot size

0.23 AC

Property size (Sq ft)

5,322 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a fully occupied six-unit apartment building located at 129 E Baltimore St, Hagerstown, MD 21740. The property, built in 1900 and extensively renovated in 2022, boasts 5,322 square feet across three stories and sits on a 0.23-acre lot. The building features three spacious two-bedroom units and three large one-bedroom units, all operating on a RUBS (Renters Utility Billing System), ensuring low operating costs for the owner. The property generates a substantial monthly income of $7,360. Six off-street parking spaces are available in a private rear lot. The property is zoned CG and has a fee simple ownership. Individual electric metering for each unit provides efficient utility management. Its prime location near downtown Hagerstown offers tenants convenient access to local amenities. This turnkey investment requires minimal management effort, making it an ideal addition to any portfolio. The property's recent renovations, high occupancy rate (100%), and strong rental income make this a compelling opportunity for investors seeking a stable and profitable asset. The building's Apartment Building classification (Class C) and APN 161 further identify this property.

Location Insight

City

Hagerstown

County

Washington

State

Maryland

Latitude

39.6376

Longitude

-77.7192

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