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About This Home
This 0-bedroom, 0-bathroom residential multi family at 524 VIRGINIA AVENUE(2-UNIT) & ADJACENT LOT in HAGERSTOWN, MD is listed for $240,000 ($117 per sqft). Built in 1890, the home offers 2,050 sqft of living space on a 0.37 acres lot.
Welcome to 524 Virginia Avenue!! This is a two-unit building, featuring an upstairs 2 bedroom , and downstairs 1 bedroom residences! The property also features and comes with an additional 0.17 acre, subdivided and separate building lot (Front yard) , offering the potential for additional building potential!
Additional Rental income is possible via the detached storage garage in the back of the property, AND the attached 1-bay garage! The grounds are spacious, with a grand, long driveway in the front, and generous parking areas in the rear/side of the property, allowing the potential for 15-20 vehicles.
Access is also ample, via 2 driveway entrances, and the alleyway (via Summit & Virginia). Recent plumbing upgrades exist via licensed plumbers. A new roof was also installed around 2022. The property is now vacant, however was recently leased at a rate of $900/month for the downstairs unit, and $1,500/month for the upstairs unit, for a combined monthly gross income of $2,400 per month.
This home is in need of some upgrades and repairs, but is PRICED TO SELL! Local & Similar comparables suggest an ARV (After-Repair-Value) of over $320,000! Walk-into equity with this piece of Hagerstown History! Looking to owner-occupy? Live in one unit, rent out the other! This one won't last long, call today to schedule your private tour!
Key Features
- Built in 1890
- 0.37 acre lot
- 10 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$1,284/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
524 VIRGINIA AVENUE(2-UNIT) & ADJACENT LOT
HAGERSTOWN, MD 21740
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 524 VIRGINIA AVENUE(2-UNIT) & ADJACENT LOT is listed at $240,000 ($117/sqft). The estimated monthly payment is $1,040 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.37 acre lot, 10 parking spaces. Interior Features: Attic, Bathroom - Tub Shower, Carpet.
This property is listed by Caleb Gee and can be reached at 2404528858 or calebgeerealestate@gmail.com.