$310,000
$325,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
724 SALEM AVE Hagerstown, MD 21740
2,147 SqFt
Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,147 sqft
Price per Sqft $144
MLS Listing ID MDWA2023988
Sold Date 12/13/24
Style Colonial
Abv Grd Liv Area 2,147
Originating Board BRIGHT
Year Built 1894
Annual Tax Amount $2,746
Tax Year 2024
Lot Size 4,092 Sqft
Acres 0.09
Property Description
Well-maintained three unit investment property for sale! Unit mix is comprised of a 2 bed-1.5 bath, 1 bed-1 bath and efficiency unit plus a detached garage. There was a fire in the building in February 2024 and renovations have been underway to include the common area and the upstairs 2 bedroom unit, which have been completed. The efficiency is currently being renovated now and is expected to deliver Fall 2024. The one bedroom & two bedroom, apartments are currently leased. Expected gross rental revenue is approx. $32k+ per year. Tenants pay electric and baseboard heat, which is separately metered. Upper rubber roof was replaced in 2019 and several windows were replaced in 2024. Energy efficient baseboard heaters were installed in 2021. Building can be delivered with property management in place.
Location
State MD
County Washington
Zoning RMED
Rooms
Basement Connecting Stairway
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2225025881
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with James Jennings Hafer • Berkshire Hathaway Homeservices Homesale Realty