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About This Home
This 3-bedroom, 2-bathroom single family at 524 VIRGINIA AVENUE & 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! Location is ideal, with this house being situated among the historic row of homes on the hill, overlooking Hagerstown City Park!
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
- 2 stories
- 13 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 & ADJACENT LOT
HAGERSTOWN, MD 21740
NONE AVAILABLE
Features & Amenities
Interior Features
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 2-bathroom single family at 524 VIRGINIA AVENUE & 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, 2 stories, 13 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.
