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Key Details
Sold Price $4,200,000
Property Type Multi-Family
Sub Type Condo/Co-op
Listing Status Sold
Purchase Type For Sale
Subdivision Hagerstown
MLS Listing ID 1003740345
Sold Date 08/19/16
Style Other
HOA Y/N N
Originating Board MRIS
Year Built 1967
Annual Tax Amount $100,913
Tax Year 2015
Lot Size 7.740 Acres
Acres 7.74
Property Sub-Type Condo/Co-op
Property Description
Fantastic Opportunity to acquire 104-Unit Certified Lead-Free Garden Apartments that need work and have below-market rents. Update these units and increase rents 30% to 50% or more. Located in the more desirable north end of Hagerstown, the fastest growing city in Maryland at the intersection of I-70 and I-81. Nice mix of 1, 2, and 3 BR Apts and Townhouses. Structurally sound, new roof in 2004
Location
State MD
County Washington
Zoning RH
Interior
Hot Water Multi-tank, Electric
Heating Baseboard
Cooling Central A/C
Equipment Oven/Range - Electric, Refrigerator
Fireplace N
Appliance Oven/Range - Electric, Refrigerator
Heat Source Electric
Exterior
Exterior Feature Balconies- Multiple
Water Access N
Roof Type Asphalt
Accessibility Other
Porch Balconies- Multiple
Garage N
Building
Lot Description Backs to Trees, Backs - Open Common Area, Cul-de-sac, No Thru Street
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Dry Wall
New Construction N
Schools
Elementary Schools Fountaindale
Middle Schools Western Heights
High Schools North Hagerstown
School District Washington County Public Schools
Others
Tax ID 2221017930
Ownership Fee Simple
Special Listing Condition Standard
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Bought with Benedict J Frederick III • Ben Frederick Realty, Inc.