724 Salem Avenue AVENUE Hagerstown, MD 21740
2 bed / 0 bath / 2,147 Sq. Ft. / 3,920 Sq. Ft., 0.09 acres lot size / Triplex, Multi-Family
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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 details
Type
Triplex, Multi-Family
Status
Active
County
WASHINGTON
Year Built
1894
Beds
2
Sq. Ft.
2,147
Lot Size
3,920 Sq. Ft., 0.1 acres
Listing Id
MDWA2023988
Courtesy Of
Taylor Bowen - Berkshire Hathaway HomeServices Homesale Realty tbowen@homesale.com
List Office Phone
+1 (301) 745-1620
Interior Features
Appliances
Electric Water Heater
Living Area Units
Sq. Ft.
Exterior Features
Parking
On Street
Utility & Building Info
Sewer
Public Sewer
Parcel Number
2225025881
Water Source
Public
Heating
Electric Heating
Baseboard
Baseboard
Tax Amount
2746
Building Area Total
2,147 Sq. Ft.
Price Per Sq Ft
$151
Architectural Style
Colonial
Price History
| date | event | price | source |
|---|---|---|---|
|
09/02/2024
09/02/2024
|
Active |
$325,000
|
Bright MLS (MDBMLS-R) |
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Market Trends
Source: Constellation1
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