724 Salem Avenue Hagerstown, MD 21740
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyWashington
- Taxes$2,746
- HOA/Condo/Coop Fees$0
- Days on Site24 Days
- MLS StatusActive
- MLS ID NumberMDWA2023988
- Home Size Source Assessor
- Year Built1894
- Lot Size0.09 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Colonial
- Construction Brick
- Parking On Street
- Sewer Public Sewer
- Basement Connecting Stairway
- Acreage 0.09
- Water Public
- Property Sub Type Triplex
- Attached Garage No
- Foundation Brick/ Mortar
- Zoning RMED
Interior Features
- Cooling None
- Heating Baseboard - ElectricElectric
- Fireplace No
Exterior Features
- Spa No
- Waterfront Property No