SoldFeb 15, 2024

Listed by Krystal Stewart

Bought with Chad Bikle from Keller Williams Realty Centre

Source: Bright MLS #MDWA2018840

1301 Virginia Ave, Halfway, MD, 21740

$482,500

5
4
3720 sq. ft.
13500 sq. ft.

Other

20 days on the market

Sold: Feb 15, 2024

What's around 1301 Virginia Ave

About this property

We are delighted to present 1301 Virginia Ave, Hagerstown, MD, as a compelling investment opportunity. This property embodies the promise of a strategic real estate investment. Here's a comprehensive investment summary to help you understand the potential benefits of this offering: 1301 Virginia Ave is a well-maintained, historic Victorian multi-family property, exuding charm and character. The property features five spacious one-bedroom, one-bath apartments, meticulously designed for multi-family living. It boasts a solid foundation of stone and masonry, and all windows have been upgraded to modern double-hung vinyl windows. Key Property Attributes: Captivating architecture with a wrap-around porch, adding to its curb appeal. Convenient amenities such as walk-up steps and rear/side porches and stairwells. A well-maintained site, including concrete walkways, lawns, minor landscaping, and a paved parking lot with space for four vehicles and three garages. Investment Potential: Strong rental rates and favorable market conditions with one of the industry's lowest vacancy rates, ensuring a steady income stream. Substantial potential for increasing rental income across all units without major property improvements. Situated in a sought-after location near the Valley Mall and Hagerstown Outlets, enhancing its appeal to potential tenants. Location Highlights: The northwest location of Hagerstown provides convenient access to major transportation routes, making it an attractive and accessible choice. The surrounding area supports multi-family properties, thanks to its diverse and financially capable population. Close proximity to retail and shopping, ensuring residents have easy access to a variety of amenities.

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