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17321 Virginia Avenue

HAGERSTOWN, MD 21740
  • $825,000
  • STATUS: Active
  • ON SITE: 33 Days
  • ID#: MDWA2013274
UPDATED: 61 min ago
$825,000
  • 0
    BEDS
  • 1.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,618
    SQFT
  • $147
    $/SQFT
Type:
Multi-Family
Built:
1870
County:

School Ratings & Info

Description

outstanding opportunity for owners and investors! This property is currently fully occupied, and tenants are responsible for paying their own utilities. It is located in the County, which means there are no city taxes, and it is nestled in a wooded area at the rear, on the southeast side of Virginia Ave. (Rt.11). The neighborhood is popular and boasts a prime location compared to any other comparable properties in the area. The subject property is made up of multiple structures, including three separate buildings, situated on 1.31 acres of land, zoned for commercial use and located just around the corner from Valley Mall. In total, there are five units, generating $7,377 in monthly rent, making this an excellent opportunity to invest in rental properties all in one location.Building #1 is the original structure, which is a converted single-family house consisting of three units. The first unit is a 3-bedroom, 1-bath 1/2 duplex, currently rented for $1,850 per month. The second unit is a 2-bedroom, 1-bath, located on the first floor, currently rented for $950 per month. The third unit is a 2-bedroom, 1-bath, located on the second floor, currently rented for $1,000 per month. Building #2 is a large, one-story ranch-style single-family home with a 20' utility room/storage area and electric baseboard heat, currently leased for $1,400 per month. Building #3 is a two-level A-frame design home located at the rear of the property, currently leased for $2,200 per month. Additionally, there is a cinder/block two-car garage that can be rented separately for additional income. All buildings are generally in good condition and functional, with a large parking area in the center of the property to accommodate tenants and visitors' vehicles. The property offers easy ingress/egress off Virginia Ave. The market area continues to grow, with no evidence of any pending changes, making this a lucrative investment opportunity.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-03-26T15:50:20.837.
www.bruceandtanya.com/homes/137111964
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17321 Virginia Avenue HAGERSTOWN, MD 21740

  • Price: $825,000
  • Status: Active
  • On Site: 33 Days
  • Updated: 61 min ago
  • ID#: MDWA2013274
0
Beds
0
Baths
0
½ Baths
1.31
Acres
5,618
SQFT
$147
$/SQFT
1870
Built
County:
Washington
School District:
Washington County Public Schools
Property Description
outstanding opportunity for owners and investors! This property is currently fully occupied, and tenants are responsible for paying their own utilities. It is located in the County, which means there are no city taxes, and it is nestled in a wooded area at the rear, on the southeast side of Virginia Ave. (Rt.11). The neighborhood is popular and boasts a prime location compared to any other comparable properties in the area. The subject property is made up of multiple structures, including three separate buildings, situated on 1.31 acres of land, zoned for commercial use and located just around the corner from Valley Mall. In total, there are five units, generating $7,377 in monthly rent, making this an excellent opportunity to invest in rental properties all in one location.Building #1 is the original structure, which is a converted single-family house consisting of three units. The first unit is a 3-bedroom, 1-bath 1/2 duplex, currently rented for $1,850 per month. The second unit is a 2-bedroom, 1-bath, located on the first floor, currently rented for $950 per month. The third unit is a 2-bedroom, 1-bath, located on the second floor, currently rented for $1,000 per month. Building #2 is a large, one-story ranch-style single-family home with a 20' utility room/storage area and electric baseboard heat, currently leased for $1,400 per month. Building #3 is a two-level A-frame design home located at the rear of the property, currently leased for $2,200 per month. Additionally, there is a cinder/block two-car garage that can be rented separately for additional income. All buildings are generally in good condition and functional, with a large parking area in the center of the property to accommodate tenants and visitors' vehicles. The property offers easy ingress/egress off Virginia Ave. The market area continues to grow, with no evidence of any pending changes, making this a lucrative investment opportunity.
Exterior Features

Architectural Style Other Construction Materials CombinationMixedVinyl SidingOther Garage Spaces 2.00 Garage Type Garage - Front Entry Garage YN Yes Other Structures Above GradeBelow Grade Parking Types Detached GarageParking LotOtherDrivewayOff Street Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 5618 Below Grade Finished Area 0 Below Grade Unfinished Area 915 Cooling Window Unit(S) Fireplaces Total 1 Heating Baseboard - Electric Heating YN Yes Single Room Units 1 Three Bedroom Units 2 Two Bedroom Units 3

Property Features

Accessibility Features None Assessment Year 2023 Central Air YN No Cooling Fuel Electric Foundation Details Permanent Heating Fuel Electric Hot Water Electric Navigable Water YN N New Construction YN No Number Of Units Total 3 Number Of Units Vacant 0 Original MLSNumber 802165545148 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 2679.00 Tax Assessment Amount 253500.00 Vacation Rental YN No Water Source Public Zoning Bl

Listing courtesy of Rg Realty, Inc.: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-03-26T15:50:20.837.
 
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