122 E Antietam St Hagerstown MD 21740. A Solid Cash Flow Investor Opportunity!
Who loves a multi-Family deal that cash flow?? Check this one out!
3-unit apartment building (3 floors). Gross monthly income $2090
Unit 1 – 2 beds/1 bath Rent $650
Unit 2 – 2 bed/1 bath Rent $650
Unit 3 -1 bed/1 bath Rent $550
Garages $70 and $45 – coin-operated laundry $125 approx. a month.
All Brick with electric separately metered and gas radiated heat – tenants pay utilities. Included is coin laundry in the basement ($125 a month approx.) & two garages – one rents for $70/month, the other rents to the 1st-floor tenant for $45/month with the understanding that they take care of lawn maintenance. City water/sewer. We strongly believe that rents should be increased by $50/unit. There is a current management company that is operating the building. Two units have been recently remodeled, the one-bedroom unit has been rented since before the current owner has owned and that tenant plans to stay long term but that unit would need work when the tenant leaves at some point in the distant future.
Current Tax assessment of 169,200
Cash Price $135,000! Buyer pays closing costs. Contract Assignment
Great Fixer Upper Property Deals in Martinsburg & Hagerstown For Local Investors
We also come across many distressed single-family Martinsburg & Hagerstown West Virginia & Maryland properties because of our relationships in the market and secure those properties at substantial discounts. Many people call these properties fixer uppers or “handyman specials”. Because of our very effective marketing programs, we’re able to get investment property deals in Martinsburg & Hagerstown that most other investors never even hear about. We pass those savings along to our investor buyers on our VIP Property Deals list.
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One of the Investor partners of MDWVHomebuyer, William Kenny, holds a real estate license in MD, WV and PA