$130,000
$154,900
16.1%For more information regarding the value of a property, please contact us for a free consultation.
121 E FRANKLIN ST Hagerstown, MD 21740
3,166 SqFt
Key Details
Sold Price $130,000
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,166 sqft
Price per Sqft $41
Subdivision Downtown Hagerstown
MLS Listing ID MDWA2000225
Style Colonial
Year Built 1873
Annual Tax Amount $2,789
Tax Year 2020
Lot Size 10,215 Sqft
Property Description
Four unit apartment building available. 2 units were recently renovated and 2 units are in need of complete renovation. The property is being sold as-is and does need work. Apartment #3 is renovated and currently unoccupied. Apartment #4 was recently renovated and is currently tenant occupied. Apartment #2 & #1 had demolition started and remain in an unfinished state. The property includes three 1 bedroom units and one 2 bedroom unit. Each unit has it's own electric hot water heater, central air, central heating and is meter separately for electric. Water/sewer are common to the entire building. The owner has relocated and no longer has interest in finishing the renovations to this building, which is why it's being sold as-is. Apartment #4 rents at $750 and Apartment #3 was previously rented at $675. Tenants pay all their own utilities except water/sewer. Once Apartment #1 & #2 are renovated we project the rents to be $675 for Apt 2 and $995 for Apt 1. Total projected income once the two remaining units are renovated would equal $37,140 annually. Lead paint inspections rental licenses are available for apt 3 & 4.
Location
State MD
County Washington
Zoning CCMU
Interior
Hot Water Electric
Heating Forced Air, Heat Pump(s)
Cooling Ceiling Fan(s), Central A/C, Heat Pump(s)
Flooring Carpet, Hardwood, Vinyl
Equipment Oven/Range - Electric, Refrigerator
Exterior
Exterior Feature Deck(s)
Water Access N
View City, Garden/Lawn, Street
Roof Type Asphalt,Rubber
Building
Lot Description Cleared, Rear Yard
Foundation Stone
Sewer Public Sewer
Water Public
Structure Type Dry Wall,Unfinished Walls
New Construction N
Schools
Elementary Schools Eastern
Middle Schools E Russell Hicks
High Schools South Hagerstown
School District Washington County Public Schools
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Special Listing Condition Standard
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Bought with Sarah A. Reynolds • Keller Williams Chantilly Ventures, LLC