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Listed by Steven L Powell • Samson Properties
$ 545,000
Est. payment | /mo
3,108 SqFt
$ 545,000
Est. payment | /mo
3,108 SqFt
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,108 sqft
Price per Sqft $175
MLS Listing ID MDWA2029606
Year Built 1955
Annual Tax Amount $2,244
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
Excellent 5-Unit Investment Opportunity – Prime Location in Hagerstown
Located at 17410 Wilford Avenue, this well-maintained 5-unit multifamily property presents a solid investment opportunity with stable income and long-term upside potential. The building consists of a mix of units: three 1-bedroom apartments, one 2-bedroom unit, and one spacious 3-bedroom unit, generating a gross annual income of $53,100. There is coin operated laundry for additional income.
Originally updated in 2013, the property features newer windows, roof, and white aluminum siding, offering long-lasting durability and curb appeal. Sitting on an oversized lot, the property also offers potential for future development or expansion, such as a small additional structure (subject to zoning approval).
Amenities include off-street parking for tenants and a convenient location near Halfway Park, shopping centers, and major interstates (I-70 & I-81), ensuring high rental demand. The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments.
Whether you're a seasoned investor or expanding your portfolio, this property offers strong fundamentals, cash flow, and future growth possibilities.
Don't miss this opportunity to own a turnkey income-producing property in a growing area!
Located at 17410 Wilford Avenue, this well-maintained 5-unit multifamily property presents a solid investment opportunity with stable income and long-term upside potential. The building consists of a mix of units: three 1-bedroom apartments, one 2-bedroom unit, and one spacious 3-bedroom unit, generating a gross annual income of $53,100. There is coin operated laundry for additional income.
Originally updated in 2013, the property features newer windows, roof, and white aluminum siding, offering long-lasting durability and curb appeal. Sitting on an oversized lot, the property also offers potential for future development or expansion, such as a small additional structure (subject to zoning approval).
Amenities include off-street parking for tenants and a convenient location near Halfway Park, shopping centers, and major interstates (I-70 & I-81), ensuring high rental demand. The property is in overall good condition, and while current rents may be slightly below market, there is room for value-add through rent adjustments.
Whether you're a seasoned investor or expanding your portfolio, this property offers strong fundamentals, cash flow, and future growth possibilities.
Don't miss this opportunity to own a turnkey income-producing property in a growing area!
Location
State MD
County Washington
Zoning RU
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Heat Source Electric
Exterior
Garage Spaces 10.0
Water Access N
Roof Type Metal
Accessibility None
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Washington County Public Schools
Others
Tax ID 2226031494
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
