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1301 Virginia Avenue, Hagerstown, MD 21740
$482,500
1301 Virginia Avenue, Hagerstown, MD 21740View this property at 1301 Virginia Avenue, Hagerstown, MD 21740
1301 Virginia AvenueHagerstownMD21740
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Property Description
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.
Full Property Details
Full Property Details for 1301 Virginia Ave
General
- Sold For: $482,500
- Taxes: $3,374 (2023)
- Status: Closed
- Type: Apartment
- MLS ID: MDWA2018838
- Added to Site: 184 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 4
- Parking Type: Private Garage, Parking Lot
Location
- County: Washington
- Driving Directions: gps
Heating & Cooling
- Cooling Type: Window Unit(s), Ceiling Fan(s)
- Cooling Fuel: Electric
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1927
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.31
- Lot Size (Sq. Ft.): 13,500
- Lot Size Source: Assessor
- Zoning: RU
Financial Considerations
- Price Per Sq. Ft.: $147.85
- City/TownTax Freq: Annually
- Tax w/Assessment: $318,700
- Tax Amount: $3,374
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
- Lot Number: 24
Listed by RG Realty, Inc., Krystal Stewart
Sold by Keller Williams Realty Centre, Chad Bikle
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Schools
Schools serving 1301 Virginia Ave
School District:Washington County Public Schools, Williamsport, MD
Rating | Name | Grades | Distance |
---|---|---|---|
334 Sunset Ave, Williamsport, MD 21795 | 6-8 | 4.2 mi | |
5 S Clifton Dr, Williamsport, MD 21795 | 9-12 | 4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1301 Virginia Ave
Date
Details
Price
Change
Source
2/15/2024
Sold
$482,500
-12.27%
MLS
11/13/2023
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1301 Virginia Avenue, Hagerstown, MD 21740 (MLS# MDWA2018838) is a Apartment property that was sold at $482,500 on February 15, 2024. Want to learn more about 1301 Virginia Avenue? Do you have questions about finding other Apartment real estate for sale in Hagerstown? You can browse all Hagerstown real estate or contact a Coldwell Banker agent to request more information.