Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1957
Sq.Footage
9,834
Ready to make the jump from single-family rentals into multifamily? Looking to add another income-producing asset to your existing portfolio? Or searching for a property that can support both your business operations and program housing under one roof? This unique mixed-use property in Hagerstown, MD offers 8 residential units and 4 commercial units across a substantial, versatile footprint. The residential component consists of eight 1BR units featuring spacious bedrooms, kitchens, full bathrooms, living areas, hardwood flooring, abundant natural light, and multiple exterior balconies. The four commercial units provide significant flexibility for a variety of potential uses, with existing space that includes offices, meeting and work areas, a large gym/recreation area as a unit, multiple kitchens and bathrooms, storage, laundry facilities, and expansive first-floor space. For the traditional investor, the property presents an opportunity to scale from single-family into multifamily or add a mixed-use asset with multiple income streams to an existing portfolio. For an owner-user or program operator, the combination of residential and commercial space creates the potential to house clients or program participants while supporting administrative offices, staff, recreation, meetings, services, and other operational needs within the same property. Conveniently located near Downtown Hagerstown with access to shopping, restaurants, services, and major area amenities. Potential market cap rate of 11–12% with projected ROI of 18–19%. Whether you're looking to scale your rental portfolio, expand your multifamily holdings, or establish a home for your organization and its housing needs, this property offers a rare combination of income potential, scale, and flexibility. All units will be delivered vacant at the time of settlement. Buyer to independently verify zoning, licensing, permitted uses, financial projections, and suitability for any intended use.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
None, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Baseboard
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Vinyl Siding
-
Parking
On Street, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.11
-
Lot Size(square feet)
4,920
-
Property Type
Commercial Sale
Price
-
Sales Price
$825,000
-
Tax Amount
$8,445
-
Financing Options
Private, Cash, Conventional
-
Sq. Footage
9,834
-
Price/SqFt
$83
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Accessibility Features
Accessible Doors
-
Sewer
Public Sewer
-
Water Source
Public
Schedule a Showing
Showing scheduled successfully.
Mortgage calculator
Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.
Your payment
Principal and Interest:
$
Property taxes:
$
HOA fees:
$
Total loan payment:
$
Total interest amount:
$
Location
County
WASHINGTON
Elementary School
Middle School
High School
Listing Courtesy of Michael J Schiff, EXP Realty, LLC
RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
AGENT
Tracy Clark
Call Tracy today to schedule a private showing.
* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.