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Sold for $785,000 on 05/15/23
  • $785,000

    17321 Virginia Ave, Hagerstown, MD 21740

    13beds
    --baths
    5,618sqft
    Multi Family
    Built in 1870
    -- sqft lot
    $649,000 Zestimate®
    $140/sqft
    $1,213 Estimated rent

    What's special

    outstanding opportunity for owners and investors! This property is currently fully occupied, and tenants are responsible for paying their own utilities. It is located in the County, which means there are no city taxes, and it is nestled in a wooded area at the rear, on the southeast side of Virginia Ave. (Rt.11). The neighborhood is popular and boasts a prime location compared to any other comparable properties in the area. The subject property is made up of multiple structures, including three separate buildings, situated on 1.31 acres of land, zoned for commercial use and located just around the corner from Valley Mall. In total, there are five units, generating $7,377 in monthly rent, making this an excellent opportunity to invest in rental properties all in one location. Building #1 is the original structure, which is a converted single-family house consisting of three units. The first unit is a 3-bedroom, 1-bath 1/2 duplex, currently rented for $1,850 per month. The second unit is a 2-bedroom, 1-bath, located on the first floor, currently rented for $950 per month. The third unit is a 2-bedroom, 1-bath, located on the second floor, currently rented for $1,000 per month. Building #2 is a large, one-story ranch-style single-family home with a 20' utility room/storage area and electric baseboard heat, currently leased for $1,400 per month. Building #3 is a two-level A-frame design home located at the rear of the property, currently leased for $2,200 per month. Additionally, there is a cinder/block two-car garage that can be rented separately for additional income. All buildings are generally in good condition and functional, with a large parking area in the center of the property to accommodate tenants and visitors' vehicles. The property offers easy ingress/egress off Virginia Ave. The market area continues to grow, with no evidence of any pending changes, making this a lucrative investment opportunity.

    Zillow last checked: 7 hours ago

    Listing updated: May 19, 2023 at 09:23am

    Listed by:

    Roberto Gonzalez 301-991-0207,

    RG Realty, Inc.

    Bought with:

    Krystal Stewart, 679847

    EXP Realty, LLC

    Source: Bright MLS,MLS#: MDWA2013274MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 13
    Basement
    • Area: 915
    Heating
    • Baseboard, Electric
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 6,533
    • Total interior livable area: 5,618 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Faces Front, Detached, Parking Lot, Other, Driveway, Off Street
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 1.31 Acres
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 2226021464
    • Zoning: BL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Combination, Mixed, Vinyl Siding, Other
    • Foundation: Permanent
    Condition
    • New construction: No
    • Year built: 1870

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Hagerstown

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

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    $649,000
    2% more+ $12,980
    With Zillow Showcase(estimated)
    $661,980