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301 S Potomac Street, Hagerstown, MD 21740
$450,000
301 S Potomac Street, Hagerstown, MD 21740View this property at 301 S Potomac Street, Hagerstown, MD 21740
301 S Potomac StreetHagerstownMD21740
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Property Description
***Great Commercial Investment 2 Buildings for the Price of 1*** The two-story residential corner building (S - Potomac St) enjoys close proximity to the popular Art & Entertainment District and features 4 - 1 bedroom units with a 100% occupancy rate and a gross yearly income of $43,200. Units have been updated w/in the past year as well as the railings on the stairwell. The one-story commercial-zoned building (W Lee St) has 4 Private Rooms with 2 updated Bathrooms + one additional efficiency apartment w/full bath and an updated kitchenette. The roof was replaced on 08/25/2021 as well as all flooring and fresh paint. A new sprinkler system was installed in 2022. Poured concrete was applied to the entire basement foundation. The (W Lee St) building is currently awaiting county approval for electrical and plumbing upgrades. It is currently zoned for commercial retail but can be rezoned to residential. It's up to the new owner to decide! The property is being sold STRICTLY AS-IS AND CAN ONLY BE SHOWN AFTER A LETTER OF INTENT HAS BEED SUBMITTED AND ACCEPTED. Please call the listing agent for additional questions or to submit an offer.
Full Property Details
Full Property Details for 301 S Potomac St
General
- Sold For: $450,000
- Taxes: $4,689 (2021)
- Status: Closed
- Type: Multi-Family
- MLS ID: MDWA2015024
- Added to Site: 366 day(s) ago
Interior
- Interior Features: Combination Dining/Living
- Appliances: Cooktop, Water Heater, Refrigerator
Additional Information
- Security/Safety: Smoke Detector
Exterior
- Exterior Features: Sidewalks
Parking
- Total Spaces: 5
- Parking Features: Private, Surface, Free
- Parking Type: Parking Lot
Location
- Municipality: Hagerstown
- County: Washington
- Driving Directions: From City Square (corner of Potomac and Washington Streets in downtown Hagerstown), travel 3 blocks south on Potomac to Lee Street. House is located on the southwest corner of Lee and Potomac Streets.
- City Limits: Yes
School Information
- School District: Washington County Public Schools
- Elementary School: Bester
- Middle School: E. Russell Hicks School
- High School: South Hagerstown Sr
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C, Multi Units, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric, Central
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Contemporary
- Architectural Style: Contemporary
- Structure Type: Detached
- Construction: Brick, Combination
- Basement: Yes
- Basement Desc.: Other, Improved
- Foundation: Brick/Mortar, Other
- Roof: Asphalt, Rubber
- Walls/Ceilings: Dry Wall
- Windows: Double Pane
- Stories/Levels: 0
- Square Feet: 4,858
- Sq. Ft. Source: Estimated
- Living Area: 4,858 Sq. Ft.
- Year Built: 1893
- Year Built Source: Estimated
Unit Information
- 1 Bedroom Units: 4
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,285
- Lot Size Source: Estimated
- Lot Features: Corner
- Zoning: 104 COMMERCIAL
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $92.63
- Assessment Year: 2021
- City/TownTax: $2,460
- City/TownTax Freq: Annually
- County Tax: $2,229
- County Tax Freq: Annually
- Tax w/Assessment: $243,100
- Tax Amount: $4,689
- Tax Year: 2021
- Terms: Standard Sale
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
- Section: 1
Listed by Samson Properties, Hugo J Medina
Sold by EXP Realty, LLC, Yahaira Diaz
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Schools
Schools serving 301 S Potomac St
School District:Washington County Public Schools, Williamsport, MD
Rating | Name | Grades | Distance |
---|---|---|---|
385 Mill St, Hagerstown, MD 21740 | PK-5 | 0.3 mi | |
1321 S Potomac St, Hagerstown, MD 21740 | 6-8 | 1.6 mi | |
1101 S Potomac St, Hagerstown, MD 21740 | 9-12 | 1.2 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 301 S Potomac St
Date
Details
Price
Change
Source
8/25/2023
Sold
$450,000
—
MLS
5/18/2023
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
301 S Potomac Street, Hagerstown, MD 21740 (MLS# MDWA2015024) is a Multi-Family property that was sold at $450,000 on August 25, 2023. Want to learn more about 301 S Potomac 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.