104 Baltimore St Hagerstown, MD 21740

Property Details for 104 Baltimore St

Year built

1913

Lot size

0.10 lot acres

Property size

4,287 SF

Property type

Multifamily properties

Description

This exceptional investment opportunity presents a six-unit multi-family property ideally situated in downtown Hagerstown, MD, near the vibrant arts district. The property consists of a solid brick structure encompassing two buildings, 104 and 106 East Baltimore Street, each with three units. The total square footage is 4,287, situated on a 0.1-acre lot. The building boasts a newer roof, installed in 2004, and features steel emergency exit stairs, enhancing safety and compliance. Currently, five of the six units are occupied, generating consistent rental income. The sixth unit is typically rented for $750 per month, presenting immediate potential for increased revenue upon vacancy. Low utility costs for the owner are a significant advantage, with tenants responsible for their own electricity and heating. The partially finished basement offers potential for the addition of coin-operated laundry facilities, further increasing income streams. This property represents a compelling investment opportunity in a desirable location with strong rental demand and the potential for value appreciation. The solid construction and recent updates ensure long-term stability and minimal maintenance requirements. The property's proximity to the arts district adds to its appeal, attracting a diverse and stable tenant base. This is a turnkey investment ready for a new owner to capitalize on its existing income and future potential. The asking price is $459,900.