REDUCED PRICE- Exclusive 12-Unit, 1-Bedroom Brick Apartment Complex with Separate Metering, Lead-Free, and Close to Future Multi-Use Stadium Capture this unparalleled off-market investment in downtown Hagerstown. This 12-unit brick apartment complex, featuring 6 units per side, is not only fully renovated but also rent-ready. Each unit is separately metered, including a common area meter for the owner, electric baseboard heat, and individual hot water heaters. The property is lead-paint-free and offers cutting-edge amenities and security features. A smooth transition is guaranteed for the new owner of this fully modernized, turnkey investment. 24/7 City-Monitored Security: Equipped with a cutting-edge security system that is actively monitored by the Hagerstown Police Department, ensuring round-the-clock safety. Private, Secure Parking: A commercial-grade chain-link fence encloses the private parking lot, featuring an automated, solar-powered remote-access gate. Up-to-Code Amenities: The property boasts a brand-new rear deck/fire escape that is fully compliant with city ordinances, along with new windows and waterproofed basements. Interior Excellence: The interior features commercial-grade LVP flooring, new kitchen cabinets, countertops, and appliances, as well as updated bathroom vanities, toilets, and fixtures. Additional Perks: The common areas have been revamped with commercial carpeting and coin-operated washers and dryers, managed by a third-party company. The owner retains 50% of the profits without any maintenance or overhead costs. Code Compliance: All renovations meet City and Section 8 rental inspection standards, including upgraded deadbolts and a Smart Key system for the entire building. Proximity to New Developments: Situated just three blocks from the new multi-use sports center stadium slated for completion in 2024, and around the corner from a new brewery. Impressive ROI: The property has proven peak market rents, achieving rental income exceeding $1,000 per month for each 1-bedroom, 1-bathroom unit. With over $250,000 invested in renovations, this property offers a unique opportunity for investors to acquire a fully renovated, code-compliant multifamily building in a prime location. Don't miss out on this exceptional investment opportunity. Hagerstown, MD, is seeing a boom in development, making it ripe for investment. Key projects include:

Listing courtesy of BRIGHT / RG Realty, Inc.

Last checked: Checking… • Last updated Oct 17, 2024 • Source: BRIGHT

MLS# MDWA2019748 — Report a problem