Pending
37

121 E FRANKLIN ST HAGERSTOWN, MD 21740

$199,900

Bedrooms

Total Baths

Full Baths

3,166

Square Feet

0.23

Acres

1873

Year Built

2 days

On Website

Pending

Status

Four unit apartment building available. 2 units were recently renovated and 2 units are in need of complete renovation. The property is being sold as-is and does need work. Apartment #3 is renovated and currently unoccupied. Apartment #4 was recently renovated and is currently tenant occupied. Apartment #2 & #1 had demolition started and remain in an unfinished state. The property includes three 1 bedroom units and one 2 bedroom unit. Each unit has it's own electric hot water heater, central air, central heating and is meter separately for electric. Water/sewer are common to the entire building. The property does include a large paved parking lot for 10 to 12 vehicles in the rear. The owner previously had the rear of the lot subdivided and a large detached garage was added to this property as well. The owner has relocated and no longer has interest in finishing the renovations to this building, which is why it's being sold as-is. Apartment #4 rents at $750 and Apartment #3 was previously rented at $675. Tenants pay all their own utilities except water/sewer. Once Apartment #1 & #2 are renovated we project the rents to be $675 for Apt 2 and $995 for Apt 1. The detached garage rents at $350 per month. Total projected income once the two remaining units are renovated would equal $41,340 annually. Lead paint inspections rental licenses are available for apt 3 & 4.

Listed By Century 21 Market Professionals

Details


Interior
Appliances
Oven/Range - Electric, Refrigerator
Flooring
Carpet, Hardwood, Vinyl
Living Area
3,166 SqFt.

Building And Construction
Number Of Units Total
4
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1873

Exterior And Lot
Lot Size Acres
0.23
Lot Size Square Feet
10215
Lot Size Units
Square Feet
Other Structures
Garage(s)
Pool
No Pool
Zoning
CCMU

Utilities
Cooling
Ceiling Fan(s), Central A/C, Heat Pump(s)
Cooling Fuel
Electric
Heating
Forced Air, Heat Pump(s)
Heating Fuel
Electric
Hot Water
Electric

Area And Schools
City
Hagerstown
County Or Parish
Washington
Elementary School
Eastern
High School
South Hagerstown
High School District
Washington County Public Schools
Middle Or Junior School
E Russell Hicks
Municipality
Hagerstown
Subdivision Name
Downtown Hagerstown

Financial Info
Buyer Agency Compensation
2.5%
County Tax
1325.00
Short Sale
No
Tax Annual Amount
$2,789.00
Tax Year
2020

Additional Info
Acceptable Financing
Conventional,cash
Garage Features
Garage - Rear Entry,additional Storage Area
Location Type
Urban
Price Per SQFT
63.14
Status Detail
Pending
Tax Total Finished SQFT
3166
Total Below Grade SQFT
1130
Total SQFT
4296

Listing By Century 21 Market Professionals

MLS# MDWA2000225

Data Last Updated 7:14AM - 10/24/2021

BRIGHT MLS

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which RE/MAX Results participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright© 2021 Bright MLS. All rights reserved.

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