Skip To Content

136-138 E Franklin Street

HAGERSTOWN, MD 21740
  • $700,000
  • STATUS: Active Under Contract
  • ON SITE: 20 Days
  • ID#: MDWA2025590
Under Contract
UPDATED: 169 min ago
$700,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1894
County:

School Ratings & Info

Description

Prime investment opportunity! Currently generating over $7,000 in monthly rental income with potential for further increases to market rates, this all-brick, fully-occupied multi-family property in downtown Hagerstown offers an exceptional addition to any portfolio. Featuring six spacious units, approximately 835 sq ft each, the building is fully equipped with separate electric meters, placing utility responsibility on tenants and streamlining management. Solid structural integrity is ensured with a brick and masonry foundation, complemented by new replacement windows that enhance energy efficiency. Each floor is thoughtfully laid out with two large units, providing tenants with ample living space and privacy.Situated in a high-demand area blending residential and commercial properties, the building benefits from a steady influx of local and out-of-town investors who are actively refurbishing neighboring properties. With rental licenses, lead certificates, and compliant zoning already in place, this property holds a legal, non-conforming grandfathered status, ensuring no adverse impact on rental income or property value. For added convenience, the property includes private rear parking, and current leases are available for qualified investors review. Located at the gateway to Hagerstowns vibrant arts and entertainment district, this turnkey property offers strong rental appeal and significant investment potential. Dont miss the opportunity to acquire a robust, low-maintenance property in a prime location.AS A BONUS, PURCHASE THIS BUILDING ALONG WITH ANOTHER SIX-UNIT PROPERTY FROM THE SAME SELLER for an expanded investment opportunity in this vibrant area

Monthly Payment Calculator



©2024 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 Taylor-Made Deep Creek Real Estate. 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: 2024-12-02T23:51:30.59.
www.deepcreeksales.com/homes/157790343
Print Image

136-138 E Franklin Street HAGERSTOWN, MD 21740

  • Price: $700,000
  • Status: Active Under Contract
  • On Site: 20 Days
  • Updated: 169 min ago
  • ID#: MDWA2025590
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1894
Built
County:
Washington
School District:
Washington County Public Schools
Property Description
Prime investment opportunity! Currently generating over $7,000 in monthly rental income with potential for further increases to market rates, this all-brick, fully-occupied multi-family property in downtown Hagerstown offers an exceptional addition to any portfolio. Featuring six spacious units, approximately 835 sq ft each, the building is fully equipped with separate electric meters, placing utility responsibility on tenants and streamlining management. Solid structural integrity is ensured with a brick and masonry foundation, complemented by new replacement windows that enhance energy efficiency. Each floor is thoughtfully laid out with two large units, providing tenants with ample living space and privacy.Situated in a high-demand area blending residential and commercial properties, the building benefits from a steady influx of local and out-of-town investors who are actively refurbishing neighboring properties. With rental licenses, lead certificates, and compliant zoning already in place, this property holds a legal, non-conforming grandfathered status, ensuring no adverse impact on rental income or property value. For added convenience, the property includes private rear parking, and current leases are available for qualified investors review. Located at the gateway to Hagerstowns vibrant arts and entertainment district, this turnkey property offers strong rental appeal and significant investment potential. Dont miss the opportunity to acquire a robust, low-maintenance property in a prime location.AS A BONUS, PURCHASE THIS BUILDING ALONG WITH ANOTHER SIX-UNIT PROPERTY FROM THE SAME SELLER for an expanded investment opportunity in this vibrant area
Exterior Features

Construction Materials Brick Garage YN No Parking Types On StreetOther Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 5124.00 Cooling None Heating Baseboard - Electric Heating YN Yes Net Square Feet 5000.00

Property Features

Accessibility Features None Central Air YN No Cooling Fuel None Gross Income 85500.00 Heating Fuel Electric Hot Water Electric Municipality Hagerstown Navigable Water YN N New Construction YN No Number Of Units Total 6 Operating Expense Includes InsuranceRepair/MaintenanceTrashWaterSnow Removal Original MLSNumber 803480446404 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4055.00 Vacation Rental YN No Water Source Public Zoning CCMU

Listing courtesy of RG Realty, Inc.: .


©2024 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 Taylor-Made Deep Creek Real Estate. 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: 2024-12-02T23:51:30.59.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803480446404-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803480446404-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_803480446404-2.jpg
Logo
Taylor-Made Deep Creek Real Estate
35 Towne Centre Way
McHenry MD, 21541