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220 SUMMIT AVE HAGERSTOWN, MD 21740

$840,000

Listed By RG Realty, Inc., Roberto G. Gonzalez

Bedrooms

Total Baths

Full Baths

2,992

Square Feet

0.23

Acres

1913

Year Built

Active

Status

MLS#

MDWA2013716

fantastic value-add property in Hagerstown. This property is strategically located next to the soon-to-be-built Hagerstown Multi-Use Sports and Events Facility stadium, and just a block away from the beautiful Hagerstown City Park. The location of this property offers residents easy access to recreational activities, shopping, dining, and entertainment. The property comprises of 8 well-designed one-bedroom, one-bathroom apartments, each with their own electric meter. The layout of each apartment is highly functional, providing comfortable living spaces for residents. In addition to the apartments, there are 4 carports and 3 garages, providing ample parking for residents and their guests. This property has immense potential for value appreciation, with the upcoming development of the sports and events facility, which is sure to attract visitors from across the region. The location of the property makes it highly desirable for tenants seeking comfortable and convenient living spaces. The property is being sold along with the adjacent 12-unit apartment building located at 224-226 Summit, providing a total of 20 units for investment. The opportunity to purchase both properties provides an investor with the potential to create a larger and more profitable rental portfolio. Overall, this property is an excellent investment opportunity, with the potential for strong rental income and capital appreciation in the coming years. Don't miss this chance to own a highly desirable value-add property in the heart of Hagerstown.

Details for 220 SUMMIT AVE

Year Built
1913
Parking
6
Price / Sq Ft
$281
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
85 Days
Acres
0.23

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office RG Realty, Inc., 2402036393

MLS# MDWA2013716

Updated 10:13AM - 6/9/2023

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 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 © 2023 Bright MLS. All rights reserved.

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