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    Apartment buildings

    52 Cannon Ave, Hagerstown, MD 21740

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    Property summary
    AI-generated overview

    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.

    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
    Current use
    Occupant on record · Public records
    • Redbox Cinema (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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