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    554-556 Salem Avenue

    HAGERSTOWN, MD 21740
    • $300,000
    • STATUS: Active Under Contract
    • ON SITE: 34 days
    • ID#: MDWA178508
    Under Contract
    UPDATED: 29 min ago
    $300,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,752
      SQFT
    • $109
      $/SQFT
    Type:
    Multi-Family
    Built:
    1910
    County:

    School Ratings & Info

    Description

    Multi-Family Home with 4 Separate Apartments, off street parking & a Garage! Featuring 2 Three bedroom units and 2 One bedroom units. All units have separate entrances, separate electric meters, separate heating systems & water heaters.. The three bedroom units have updated kitchens & bathrooms, a living room area with hardwood flooring and spacious bedrooms. +-The one bedrooms have a similar set up with updated kitchens & bathrooms, a living room area with hardwood flooring and a master bedroom suite. The owner kept some of the original wood work.+- There is a large covered porch in the front for the tenants to watch the storms come and go. There is also a separate back covered deck for each of the units to relax and have a cup of coffee or good storage for a bicycle. There are front and back entrances for three of the units and just a front entrance for the 4th. +-Off street parking with a gravel driveway with enough space for 4 cars. Garage for extra storage. Three of the 4 units are rented for a total gross of $2475. The vacant unit can easily be rented for $800 for a total gross of $3275. +-Two of the units are being rented below market and are on short term leases. +-You could raise the rent or get new tenants and increase the rental gross easily to +-$3,600 if not more. You could also rent out the garage for another easy $100 a month.+- All units have been inspected and approved for rental by the city and have lead certificates. This property is easy to show. You can see two of the units that are currently vacant. The other two units can be shown with a ratified contract.

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    ©2021 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 eXp Realty. 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: 2021-04-23T07:52:53.663.
    www.advonhomes.com/homes/115317877
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    554-556 Salem Avenue HAGERSTOWN, MD 21740

    • Price: $300,000
    • Status: Active Under Contract
    • Updated: 29 min ago
    • ID#: MDWA178508
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    2,752
    SQFT
    $109
    $/SQFT
    1910
    Built
    County:
    Washington
    School District:
    Washington County Public Schools
    Property Description
    Multi-Family Home with 4 Separate Apartments, off street parking & a Garage! Featuring 2 Three bedroom units and 2 One bedroom units. All units have separate entrances, separate electric meters, separate heating systems & water heaters.. The three bedroom units have updated kitchens & bathrooms, a living room area with hardwood flooring and spacious bedrooms. +-The one bedrooms have a similar set up with updated kitchens & bathrooms, a living room area with hardwood flooring and a master bedroom suite. The owner kept some of the original wood work.+- There is a large covered porch in the front for the tenants to watch the storms come and go. There is also a separate back covered deck for each of the units to relax and have a cup of coffee or good storage for a bicycle. There are front and back entrances for three of the units and just a front entrance for the 4th. +-Off street parking with a gravel driveway with enough space for 4 cars. Garage for extra storage. Three of the 4 units are rented for a total gross of $2475. The vacant unit can easily be rented for $800 for a total gross of $3275. +-Two of the units are being rented below market and are on short term leases. +-You could raise the rent or get new tenants and increase the rental gross easily to +-$3,600 if not more. You could also rent out the garage for another easy $100 a month.+- All units have been inspected and approved for rental by the city and have lead certificates. This property is easy to show. You can see two of the units that are currently vacant. The other two units can be shown with a ratified contract.
    Exterior Features

    Architectural Style Colonial Construction Materials Brick Exterior Features Exterior LightingFire EscapeSidewalksStreet Lights Garage YN No Other Structures Above GradeBelow Grade Parking Features Gravel Driveway Parking Types DrivewayOn Street Patio And Porch Features Porch(Es)Deck(S)Roof Pool No Pool Property Condition Very Good Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2752 Above Grade Unfinished Area 1024 Appliances RefrigeratorStove Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Fireplace YN No Flooring HardwoodLaminated Heating Forced Air Heating YN Yes Inclusions 4 Stoves & 4 Refrigerators Interior Features Breakfast AreaDining AreaEntry Level BedroomFloor Plan - TraditionalKitchen - Eat-InKitchen - Table SpaceSoaking TubTub ShowerWood Floors Rooms Total 20 Security Features Smoke Detector Single Room Units 0 Spa YN No Three Bedroom Units 2 Two Bedroom Units 0

    Property Features

    Acceptable Financing CashConventionalFhaVa Accessibility Features None Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel None Foundation Details Permanent Heating Fuel Oil Historic YN No Hot Water ElectricMulti-Tank Incorporated City Name Hagerstown Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 304521906355 Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Quadruplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 1308.00 Tax Assessment Amount 69733.00 Tax Lot 13 Vacation Rental YN No Water Source Public Zoning Rmed Zoning Description Residential

    Listing courtesy of Marsh Realty.


    ©2021 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 eXp Realty. 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: 2021-04-23T07:52:53.663.
     
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