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16 S Mulberry St Hagerstown, MD 21740

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For Sale
$575,000

Turnkey investment property with value-add potential in Hagerstown, MD.

Lot size:
0.17 Acres

Property Features for 16 S Mulberry St

General Information

Property type
Investment
Standard status
Active
Lot size
0.17 Acres

Building Details

Year built
1914

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Listing Contact
Roberto G. Gonzalez
Roberto G. Gonzalez
Source: Elliman

Listing Agency: RG REALTY, INC. Listing Agent: Roberto G. Gonzalez

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Fully Rented 5-Unit Building

This well-maintained 5-unit property is a turnkey investment, fully rented with reliable long-term tenants. The building features four 1-bedroom units and one 2-bedroom unit with an additional office/den. Off-street parking is available at the rear of the property. Unit 16 (First Floor) includes a living room, dining room, kitchen, bedroom, and bathroom. Unit 16 (Second Floor) features a living room, dining room, kitchen, bedroom, bathroom, and office/den. Unit 16 ½ has a main level with a living room and kitchen, and a second level with a bedroom and bathroom. Unit 18 (First Floor) contains a living room, kitchen, bedroom, and bathroom. Unit 18 (Second Floor), currently rented, also includes a living room, kitchen, bedroom, and bathroom. This property offers excellent value-add potential through rent increases to market rates, as current rents are significantly below market. With strong occupancy, room to grow income, and minimal upkeep needed, this is a great opportunity for both new and seasoned investors.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Hagerstown
County
Washington
State
Maryland
Longitude
-77.7163934
Latitude
39.6395301

FAQs

What type of property is this?
Apartment building - Turnkey investment property with value-add potential in Hagerstown, MD.
Where is this apartment building located?
The property is located at 16 S Mulberry St Hagerstown, MD.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: - Fully rented 5-unit turnkey building providing immediate income.; - Significant value-add potential through rent increases to market rates.; - Well-maintained property requiring minimal upkeep.
More about this property
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