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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: Multi-Family
- MLS ID: MDWA2019748
- Added to Site: 126 day(s) ago
Parking
- Parking Type: Parking Lot
Location
- Municipality: Hagerstown
- County: Washington
- Driving Directions: GPS
- Location Details: Downtown
- City Limits: Yes
School Information
- School District: Washington County Public Schools
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
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Detached
- Construction: Brick
- Foundation: Block, Brick/Mortar
- Stories/Levels: 0
- Square Feet: 8,568
- Sq. Ft. Source: Assessor
- Living Area: 8,568 Sq. Ft.
- Year Built: 1983
- Year Built Source: Assessor
Unit Information
- 1 Bedroom Units: 12
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
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 8568
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- 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
4/05/2024
Sold
$900,000
-18.18%
MLS
1/15/2024
Listed
$1,100,000
—
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# MDWA2019748) is a Multi-Family property that was sold at $900,000 on April 05, 2024. Want to learn more about 225 Jonathan Street? 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.