724 Salem AveHagerstown, MD 21740

For Sale
$325,000

Three-unit apartment building, renovated 2024

Overview

Added:
Dec 11, 2024
Days on market:
92
This well-maintained three-unit apartment building in Hagerstown, Maryland, presents a compelling investment opportunity. Located at 724 Salem Ave, 21740, this two-story building (1976 construction, renovated in 2024) boasts a total of 2,147 square feet on a 4,092 square foot lot. The unit mix includes a two-bedroom, 1.5-bathroom unit, a one-bedroom, one-bathroom unit, and an efficiency unit. A detached garage is also included. Following a fire in February 2024, extensive renovations were undertaken. The common areas and the two-bedroom unit are complete, with the efficiency unit's renovation expected to be finished in Fall 2024. The one-bedroom unit and garage are currently leased, and the renovated two-bedroom unit is available for lease. Projected annual gross rental income exceeds $32,000. Tenants are responsible for electricity and separately metered baseboard heat. The property benefits from a new upper rubber roof (2019), several new windows (2024), and energy-efficient baseboard heaters (2021). The property is zoned RMED and can be delivered with existing property management in place. This is a turnkey investment ready for immediate income generation.

Property Details for 724 Salem Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
2,147 SF
Year Built/Renovated
1976/2024
Buildings
1
Stories
2
Units
3

Location Insight

City
Hagerstown
County
Washington
State
Maryland
Latitude
39.6517984
Longitude
-77.7285051
724 Salem Ave, Hagerstown, Maryland

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
724 Salem Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message