This three stories building is located in a quiet suburban street and features 6- one bedroom units,approximately 700 Sq.Ft each, property also includes 3 garages currently rented. There is a functional and adequate floor plan with ample closet space. Lead Certificates & City Inspections are available upon request.The building sits on a .200 acre parcel. The property enjoys the close proximity to the popular Art & Entertainment District in Hagerstown and in walking distance from the new University of Maryland, the new Public Library and the new Maryland Theatre and a variety of restaurants.The property has been professionally owned and operated the apartments are spacious and well designed with most having been upgraded in the past 5 years, roof was replaced in 2007 as well as plumbing and electric service, all units are separately metered for electric, currently all units are rented. The property is well maintained making it a strong opportunity. The apartments maintain historically high occupancy with quality tenants, leasing rates haven't raised and are still approx. $100-$150 below market, offering room for upside without additional CAPEX. Property offers Easy Access to Major Traffic Roads.The subject NBHD is proximate to employment centers, transportation routes, schools, shopping areas, and supporting municipal services. NBHD houses vary in style, age, utility, appeal and marketability. The subject NBHD is considered to be established and well accepted in the market.
Listing courtesy of RG Realty, Inc.. Selling Office: .