724 Salem Ave - Multi-Family FOR SALE


Hagerstown, MD 21740
$325,000 USD
301-346-3664
724 Salem Ave, Hagerstown, MD for Sale
$325,000 USD
Multi-Family - FOR SALE
1/34
null | 9.85% Cap Rate

724 Salem Ave
Hagerstown, MD 21740


OVERVIEW

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 apartment and garage are currently leased and the two bedroom apartment is finished and on the market for lease. 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.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

5

PRICE/UNIT

$65,000

CAP RATE

9.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,092 SF

ZONING

-

APN/PARCEL ID

25-025881

ASK ABOUT THIS PROPERTY

Taylor BowenBerkshire Hathaway | Bowen RealtyMore Info
301-346-3664

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Taylor BowenBerkshire Hathaway | Bowen RealtyMore Info
301-346-3664

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.