136138 E Franklin Street

HAGERSTOWN, MD 21740

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 9840
    Sqft(Lot)
$700,000

Description

Prime investment opportunity! currently generating over $7,000 in monthly rental income with potential for further increases to market rates, this all-brick, fully-occupied multi-family property in downtown hagerstown offers an exceptional addition to any portfolio. featuring six spacious units, approximately 835 sq ft each, the building is fully equipped with separate electric meters, placing utility responsibility on tenants and streamlining management. solid structural integrity is ensured with a brick and masonry foundation, complemented by new replacement windows that enhance energy efficiency. each floor is thoughtfully laid out with two large units, providing tenants with ample living space and privacy.

situated in a high-demand area blending residential and commercial properties, the building benefits from a steady influx of local and out-of-town investors who are actively refurbishing neighboring properties. with rental licenses, lead certificates, and compliant zoning already in place, this property holds a legal, non-conforming grandfathered status, ensuring no adverse impact on rental income or property value. for added convenience, the property includes private rear parking, and current leases are available for qualified investors’ review. located at the gateway to hagerstown’s vibrant arts and entertainment district, this turnkey property offers strong rental appeal and significant investment potential. don’t miss the opportunity to acquire a robust, low-maintenance property in a prime location.
as a bonus, purchase this building along with another six-unit property from the same seller for an expanded investment opportunity in this vibrant area

  • Property Type

    Multi-Family

  • County

    WASHINGTON

  • Style

    Colonial

  • AD ID

    47613720

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Property Details

  • Water/Sewer

    • Water Source : Public

    Heating & Cooling

    • Cooling: None
    • Heating: Baseboard - Electric
    • Cooling Fuel: None
    • Heating Fuel: Electric

  • Building Information

    • Year Built: 1894
    • Structure: Detached
    • New Construction: No
    • Total Units: 4
    • Built: 1894
    • Construction Material: Brick
    • Foundation/Basement: Permanent,Other,Concrete Perimeter
    • Architecture: Colonial
    • Pool/Private: No Pool

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Water

    • Water Heat: Electric

  • Lot Information

    • Lot Size: 9,840
    • Lot Size (Acres): 0.23
    • Architectural Style: Colonial
    • Main Square Feet: 9,840

    Property Information

    • SQ ft: 5,000
    • SQ ft (Living Area): 5,000
    • Total Lot SQ ft: 9,840
    • Total Acreage: 0.23
    • New Construction: No
    • Type: Colonial

  • Listing Information

    • Possession: Settlement
    • Days Of Market: 18

  • Tax Information

    • Annual Tax: $4,055
    • Tax Year: 2021
    • Total Taxes Payment Frequency: Annually

    Possession

    • Settlement

    Assessment Information

    • Taxes Assessment Amount: $206,200

  • Parking Information

    • Parking Features: Fenced,Gravel Driveway
    • Parking Type: On Street,Other,Off Street

    Homeowners Association Information

    • Direction: GPS

  • School Information

    • School District: WASHINGTON COUNTY PUBLIC SCHOOLS

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Electric
    • Hot Water: Electric

    Location Information

    • Direction: GPS
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BuyOwner last updated this listing 12/03/2024 @ 12:20

  • MLS: MDWA2025592
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Other, with 0 bedrooms which is recently sold, it has 0 sqft, 9,840 sized lot, and 0 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of HAGERSTOWN , in zip code 21740, this WASHINGTON County Other are nearby neighborhoods.