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225 Jonathan Street, Hagerstown, MD 21740
$900,000
225 Jonathan Street, Hagerstown, MD 21740View this property at 225 Jonathan Street, Hagerstown, MD 21740
225 Jonathan StreetHagerstownMD21740
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Property Description
REDUCED PRICE- Exclusive 12-Unit, 1-Bedroom Brick Apartment Complex with Separate Metering, Lead-Free, and Close to Future Multi-Use Stadium Capture this unparalleled off-market investment in downtown Hagerstown. This 12-unit brick apartment complex, featuring 6 units per side, is not only fully renovated but also rent-ready. Each unit is separately metered, including a common area meter for the owner, electric baseboard heat, and individual hot water heaters. The property is lead-paint-free and offers cutting-edge amenities and security features. A smooth transition is guaranteed for the new owner of this fully modernized, turnkey investment. 24/7 City-Monitored Security: Equipped with a cutting-edge security system that is actively monitored by the Hagerstown Police Department, ensuring round-the-clock safety. Private, Secure Parking: A commercial-grade chain-link fence encloses the private parking lot, featuring an automated, solar-powered remote-access gate. Up-to-Code Amenities: The property boasts a brand-new rear deck/fire escape that is fully compliant with city ordinances, along with new windows and waterproofed basements. Interior Excellence: The interior features commercial-grade LVP flooring, new kitchen cabinets, countertops, and appliances, as well as updated bathroom vanities, toilets, and fixtures. Additional Perks: The common areas have been revamped with commercial carpeting and coin-operated washers and dryers, managed by a third-party company. The owner retains 50% of the profits without any maintenance or overhead costs. Code Compliance: All renovations meet City and Section 8 rental inspection standards, including upgraded deadbolts and a Smart Key system for the entire building. Proximity to New Developments: Situated just three blocks from the new multi-use sports center stadium slated for completion in 2024, and around the corner from a new brewery. Impressive ROI: The property has proven peak market rents, achieving rental income exceeding $1,000 per month for each 1-bedroom, 1-bathroom unit. With over $250,000 invested in renovations, this property offers a unique opportunity for investors to acquire a fully renovated, code-compliant multifamily building in a prime location. Don't miss out on this exceptional investment opportunity. Hagerstown, MD, is seeing a boom in development, making it ripe for investment. Key projects include:
Full Property Details
Full Property Details for 225 Jonathan St
General
- Sold For: $900,000
- Taxes: $5,932 (2023)
- Status: Closed
- Type: Apartment
- MLS ID: MDWA2018852
- Added to Site: 189 day(s) ago
Business
- Business Type: Apartment Building
Parking
- Total Spaces: 15
- Parking Type: Parking Lot
Location
- Municipality: Hagerstown
- County: Washington
- Driving Directions: GPS
- Location Details: Downtown
- City Limits: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Stories/Levels: 0
- Year Built: 1983
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,663
- Lot Size Source: Assessor
- Zoning: CCMU
Financial Considerations
- Price Per Sq. Ft.: $128.38
- Assessment Year: 2023
- City/TownTax: $3,100
- City/TownTax Freq: Annually
- County Tax: $2,832
- County Tax Freq: Annually
- Tax w/Assessment: $309,467
- Tax Amount: $5,932
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed and Sold by RG Realty, Inc., Roberto G. Gonzalez
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Schools
Schools serving 225 Jonathan St
School District:Washington County Public Schools, Williamsport, MD
Rating | Name | Grades | Distance |
---|---|---|---|
1320 Yale Dr, Hagerstown, MD 21742 | 3-5 | 2.1 mi | |
Ruth Ann Monroe Primary School
1311 Yale Dr, Hagerstown, MD 21742 | PK-2 | 2.2 mi | |
1300 Marshall St, Hagerstown, MD 21740 | 6-8 | 1 mi | |
1200 Pennsylvania Ave, Hagerstown, MD 21742 | 9-12 | 1.1 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 225 Jonathan St
Date
Details
Price
Change
Source
3/29/2024
Sold
$900,000
-18.18%
MLS
1/08/2024
Price Reduced
$1,100,000
-8.33%
MLS
11/14/2023
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
225 Jonathan Street, Hagerstown, MD 21740 (MLS# MDWA2018852) is a Apartment property that was sold at $900,000 on March 29, 2024. Want to learn more about 225 Jonathan Street? 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.