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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: Multi-Family
- MLS ID: MDWA2018840
- Added to Site: 184 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 4
- Total Spaces: 4
- Parking Type: Parking Garage, Parking Lot
- Garage Description: Additional Storage Area
Location
- County: Washington
- Driving Directions: gps
School Information
- School District: Washington County Public Schools
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
- Architectural Info: Victorian
- Architectural Style: Victorian
- Structure Type: Detached
- Construction: Brick
- Foundation: Block
- Stories/Levels: 0
- Square Feet: 3,720
- Sq. Ft. Source: Assessor
- Living Area: 3,720 Sq. Ft.
- Year Built: 1927
- Year Built Source: Estimated
Unit Information
- 1 Bedroom Units: 4
- 2 Bedroom Units: 1
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
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 3720
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# MDWA2018840) is a Multi-Family 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 Multi-Family real estate for sale in Hagerstown? You can browse all Hagerstown real estate or contact a Coldwell Banker agent to request more information.