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13628 Pennsylvania Ave
Hagerstown, MD 21742
18 Unit Multifamily Investment Opportunity · Multifamily Property For Sale · 18 Units
PROPERTY FACTS
| No. Units | 18 | Lot Size | 1.20 AC |
| Property Type | Multifamily | Building Size | 14,850 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built/Renovated | 1980/2012 |
| Building Class | C | Parking Ratio | 2.42/1,000 SF |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 14,850 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2012 |
| Parking Ratio | 2.42/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Tub/Shower
- Wi-Fi
- Smoke Free
- Vinyl Flooring
About 13628 Pennsylvania Ave , Hagerstown, MD 21742
Turnkey investment opportunity with value add potential situated on Pennsylvania Avenue on the north side of Hagerstown. The property was a former motel and restaurant and underwent major renovations in 2012 - 2014 and converted to residential rentals with a small retail unit currently leased to a coin operated laundry business. A 19th unit currently being used for storage can easily be converted to an additional efficiency unit to increase income and improve the cap rate. The Property is less than a five minute drive to 3 of the 5 largest employers in Washington County including Meritus Medical Center (2,740 employees), First Data (2,183 employees) and Volvo Group Trucks (1,550 employees).
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
| 1+1 | 1 | - | - |
| 2+2 | 4 | - | - |
| 4+2 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 27-006752 | Improvements Assessment | $820,100 |
| Land Assessment | $505,200 | Total Assessment | $1,325,300 |
PROPERTY TAXES
zoning
| Zoning Code | BG (Mix-Use) |
| BG (Mix-Use) |
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