SOLD $204,900 - Multi Family
202 Fairground Ave, Hagerstown MD 21740
Nothing to do here, fully renovated and LEAD FREE, all brick corner building, one of the units is a 4 BED 2 BATHS, WATER/SEWER AND ELECTRIC IS SEPARATELY METERED TENANTS PAY, central air, excellent condition, just start collecting rents.
Income producer property with High income and low expenses!! The building is currently in excellent condition! Very Well Maintained. This investment property complies with the standard requirements with the city of Hagerstown’s office of code compliance and lead paint laws enforced by the Maryland Department of the Environment (MDE) the dwelling has been certified to be free of lead This three story all brick corner building, is located in the North End of Hagerstown Historic District, in a quiet suburban neighborhood, and features 1 over sized 4 bedrooms two bath
townhouse unit, approximately 1,956 ft2 WITH CENTRAL AIR, Another two level 3 bedrooms 1.5 bath, approx 1,600 ft2, and 1 one bedroom one bath approx 500 ft2, for a total of three. the
units are spacious and well designed, with most having been updated in the past 4 years. All units are separately metered for electric and water, tenants pay all utilities, current rents are low
for the location size and condition of the units, therefore, there is also an opportunity to raise the rents without any type of improvements.
The property benefits from possessing units of larger than typical size, the tenant base are strong for this property type. It is reported that most residents are priced out of the housing
market The building sits on a .074 corner acre parcel, and enjoys the close proximity within less than ½ mile to the Arts & Entertainment District in Hagerstown, the new University of
Maryland, public library and the Maryland Theatre, the neighborhood includes the fairground park area, with athletic fields, and walking paths, the property has been professionally owned and operated