52 Cannon Ave Hagerstown, MD 21740
- Apartment buildings
Current Use by Public Records
- Redbox / Movie Rental Kiosk
Property Details for 52 Cannon Ave
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a six-unit apartment building located at 52 N Cannon Ave, Hagerstown, Maryland, 21740. This three-story, all-brick corner building boasts a highly visible location in downtown Hagerstown, offering significant income potential. The property features a mix of three one-bedroom and three two-bedroom units, all currently fully occupied. Recent upgrades include a new roof, new replacement windows, and a new gas furnace, ensuring minimal maintenance needs for the investor. The exterior also features a newer back deck and staircase. Each unit benefits from fully separated and metered electric service. The building's hardwood floors add to its charm. All lead certificates and inspections are up-to-date, providing peace of mind for the buyer. This property is situated on a corner lot, providing excellent street visibility and signage opportunities. Convenient access to essential support services further enhances its appeal. This offering can be packaged with another property (WA9657558) for a combined total of twelve units, presenting a compelling opportunity for portfolio expansion. The asking price for this six-unit building is $630,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hagerstown
- County
- Washington
- State
- Maryland
- Longitude
- -77.7135
- Latitude
- 39.6407
