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    531 Salem Avenue

    HAGERSTOWN, MD 21740
    • $100,000
    • STATUS: Active Under Contract
    • ON SITE: 28 days
    • ID#: MDWA178356
    Under Contract
    UPDATED: 169 min ago
    $100,000
    • 0
      BEDS
    • 0.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,904
      SQFT
    • $53
      $/SQFT
    Type:
    Multi-Family
    Built:
    1904
    County:

    School Ratings & Info

    Description

    Duplex! Income producing property. Featuring two completely separate units. Unit one is a 2 bedroom 1 full bathroom on the ground level. Large kitchen, dining area, living room and best of all, a long term tenant since 2014. Rents have not been raised and are currently at $595 per month on a month to month lease. This unit can be easily rented at $800 if not more. Unit two is a 2 bedroom 1 full bathroom on the upper level. Large kitchen, dining area, living room and best of all, a long term tenant since 2013. Rents have not been raised and are currently at $595 per month on a month to month lease. This unit can be easily rented at $800 if not more. The best part about this property is both units are separately metered with tenants paying for the electric. This is a great property for a first time investor or a savvy investor. There is nothing to do except collect rent. Total monthly rent is $1,190 with the potential to be $1,600 or more. There is a shortage of rental properties on the market and this is the time to get above average rents. Located close to shopping, restaurants, public transportation & major highways.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Reston. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-12T23:54:44.497.
    www.thepianohomegroup.com/homes/115105116
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    531 Salem Avenue HAGERSTOWN, MD 21740

    • Price: $100,000
    • Status: Active Under Contract
    • Updated: 169 min ago
    • ID#: MDWA178356
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.07
    Acres
    1,904
    SQFT
    $53
    $/SQFT
    1904
    Built
    County:
    Washington
    School District:
    Washington County Public Schools
    Property Description
    Duplex! Income producing property. Featuring two completely separate units. Unit one is a 2 bedroom 1 full bathroom on the ground level. Large kitchen, dining area, living room and best of all, a long term tenant since 2014. Rents have not been raised and are currently at $595 per month on a month to month lease. This unit can be easily rented at $800 if not more. Unit two is a 2 bedroom 1 full bathroom on the upper level. Large kitchen, dining area, living room and best of all, a long term tenant since 2013. Rents have not been raised and are currently at $595 per month on a month to month lease. This unit can be easily rented at $800 if not more. The best part about this property is both units are separately metered with tenants paying for the electric. This is a great property for a first time investor or a savvy investor. There is nothing to do except collect rent. Total monthly rent is $1,190 with the potential to be $1,600 or more. There is a shortage of rental properties on the market and this is the time to get above average rents. Located close to shopping, restaurants, public transportation & major highways.
    Exterior Features

    Architectural Style Colonial Construction Materials Aluminum Siding Garage YN No Other Structures Above GradeBelow Grade Parking Types Off Street Pool No Pool Property Condition Average Riparian Rights YN No Roof Shingle Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 1904 Appliances RefrigeratorStove Basement Other Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 952 Cooling Window Unit(S) Fireplace YN No Flooring CarpetLaminated Heating Hot Water & Baseboard - Electric Heating YN Yes Inclusions 2 Stoves2 Refrigerators Interior Features 2nd KitchenCarpetDining AreaFloor Plan - Traditional Rooms Total 10 Security Features Smoke Detector Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None Walls Ceilings Dry Wall

    Property Features

    Acceptable Financing ConventionalCash Accessibility Features None Assessment Year 2021 Association YN No Central Air YN No Cooling Fuel Electric Existing Lease Type Month To Month Gross Income 14280.00 Heating Fuel Natural GasElectric Historic YN No Hot Water Natural Gas Incorporated City Name Hagerstown Navigable Water YN N New Construction YN No Number Of Units Leased 2 Number Of Units Total 2 Number Of Units Vacant 0 Original MLSNumber 304513329926 Other Expense 0.00 Ownership Interest Fee Simple Pool Expense 0.00 Possession Subject To Existing Lease Property Sub Type Duplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 1399.00 Tax Assessment Amount 73467.00 Total Actual Rent 14280.00 Trash Expense 0.00 Vacation Rental YN No Water Source Public Zoning Rmed Zoning Description Residential

    Listing courtesy of Marsh Realty.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Reston. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-12T23:54:44.497.
     
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