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    Apartment buildings

    27 Baltimore St, Hagerstown, MD 21734

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    Property summary
    AI-generated overview

    This exceptional five-unit apartment building presents a compelling investment opportunity in the charming historic town of Funkstown, Maryland. Located at 27 W Baltimore St, 21734, this Class C multifamily property offers a blend of convenience and profitability. The building comprises three one-bedroom units and two two-bedroom units, all currently occupied by long-term tenants. Each unit benefits from separately metered utilities, significantly reducing operating expenses and maximizing the owner's return. A convenient rear parking lot provides approximately six spaces for tenant use. The property's prime location offers easy access to local amenities and dining establishments. The current rent roll exceeds $5,000 per month, with tenants responsible for their own utilities under a RUBS (Rent Utility Billing System) arrangement. This translates to a consistently strong cash flow and a low-maintenance investment. This fully occupied property represents a rare opportunity to acquire a stable and profitable income-generating asset in a desirable location. The asking price is $589,000.

    Property profile
    Verified
    Property type Apartment buildings
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
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    Permitted uses
    Allowed · conditional · prohibited
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